$340,000 House at 4.25%

What's the monthly mortgage payment on a $340,000 house? Loan price for a $340,000 house with a 4.25% interest rate.
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Monthly payment = $1,338
Total yearly payments = $16,057
Payments by Interest Rate
Interest Rate Payment
3.750% $1,260
3.875% $1,279
4.000% $1,299
4.125% $1,318
4.250% $1,338
4.375% $1,358
4.500% $1,378
4.625% $1,398
4.750% $1,419
Payments by Amount Down
% Down Amount Payment
3.5% $11,900 $1,614
5.0% $17,000 $1,589
7.5% $25,500 $1,547
10% $34,000 $1,505
15% $51,000 $1,422
20% $68,000 $1,338
25% $85,000 $1,254
30% $102,000 $1,171
50% $170,000 $836
Payments by Loan Length
Length Payment
10 years $2,786
15 years $2,046
20 years $1,684
30 years $1,338
40 years $1,179
Interest only $963

Can I afford a $340,000 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 $340,000 with a 4.25% loan:

% Down Down Payment Income Required
3.5% $11,900 $93,459
5.0% $17,000 $92,384
7.5% $25,500 $90,592
10% $34,000 $88,800
15% $51,000 $85,216
20% $68,000 $81,632
25% $85,000 $78,048
30% $102,000 $74,464
50% $170,000 $60,127