$60,000 House at 4.25%

What's the monthly mortgage payment on a $60,000 house? Loan price for a $60,000 house with a 4.25% interest rate.
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Monthly payment = $236
Total yearly payments = $2,834
Payments by Interest Rate
Interest Rate Payment
3.750% $222
3.875% $226
4.000% $229
4.125% $233
4.250% $236
4.375% $240
4.500% $243
4.625% $247
4.750% $250
Payments by Amount Down
% Down Amount Payment
3.5% $2,100 $285
5.0% $3,000 $280
7.5% $4,500 $273
10% $6,000 $266
15% $9,000 $251
20% $12,000 $236
25% $15,000 $221
30% $18,000 $207
50% $30,000 $148
Payments by Loan Length
Length Payment
10 years $492
15 years $361
20 years $297
30 years $236
40 years $208
Interest only $170

Can I afford a $60,000 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 $60,000 with a 4.25% loan:

% Down Down Payment Income Required
3.5% $2,100 $16,493
5.0% $3,000 $16,303
7.5% $4,500 $15,987
10% $6,000 $15,671
15% $9,000 $15,038
20% $12,000 $14,406
25% $15,000 $13,773
30% $18,000 $13,141
50% $30,000 $10,611