$40,000 House at 4.25%

What's the monthly mortgage payment on a $40,000 house? Loan price for a $40,000 house with a 4.25% interest rate.
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Monthly payment = $157
Total yearly payments = $1,889
Payments by Interest Rate
Interest Rate Payment
3.750% $148
3.875% $150
4.000% $153
4.125% $155
4.250% $157
4.375% $160
4.500% $162
4.625% $165
4.750% $167
Payments by Amount Down
% Down Amount Payment
3.5% $1,400 $190
5.0% $2,000 $187
7.5% $3,000 $182
10% $4,000 $177
15% $6,000 $167
20% $8,000 $157
25% $10,000 $148
30% $12,000 $138
50% $20,000 $98
Payments by Loan Length
Length Payment
10 years $328
15 years $241
20 years $198
30 years $157
40 years $139
Interest only $113

Can I afford a $40,000 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 $40,000 with a 4.25% loan:

% Down Down Payment Income Required
3.5% $1,400 $10,995
5.0% $2,000 $10,869
7.5% $3,000 $10,658
10% $4,000 $10,447
15% $6,000 $10,025
20% $8,000 $9,604
25% $10,000 $9,182
30% $12,000 $8,760
50% $20,000 $7,074