$320,000 House at 4.25%

What's the monthly mortgage payment on a $320,000 house? Loan price for a $320,000 house with a 4.25% interest rate.
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Monthly payment = $1,259
Total yearly payments = $15,112
Payments by Interest Rate
Interest Rate Payment
3.750% $1,186
3.875% $1,204
4.000% $1,222
4.125% $1,241
4.250% $1,259
4.375% $1,278
4.500% $1,297
4.625% $1,316
4.750% $1,335
Payments by Amount Down
% Down Amount Payment
3.5% $11,200 $1,519
5.0% $16,000 $1,495
7.5% $24,000 $1,456
10% $32,000 $1,417
15% $48,000 $1,338
20% $64,000 $1,259
25% $80,000 $1,181
30% $96,000 $1,102
50% $160,000 $787
Payments by Loan Length
Length Payment
10 years $2,622
15 years $1,926
20 years $1,585
30 years $1,259
40 years $1,110
Interest only $907

Can I afford a $320,000 house?

Traditionally, the "28% rule" means a person should not spend more than 28% of their pre-tax income on total housing costs.

Let's assume that taxes and insurance are 2% of the house price annually. Here's how much you'd have to make to afford a house that costs $320,000 with a 4.25% loan:

% Down Down Payment Income Required
3.5% $11,200 $87,962
5.0% $16,000 $86,950
7.5% $24,000 $85,263
10% $32,000 $83,577
15% $48,000 $80,203
20% $64,000 $76,830
25% $80,000 $73,457
30% $96,000 $70,083
50% $160,000 $56,590