$20,000 House at 4.50%

What's the monthly mortgage payment on a $20,000 house? Loan price for a $20,000 house with a 4.50% interest rate.
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Monthly payment = $81
Total yearly payments = $973
Payments by Interest Rate
Interest Rate Payment
4.000% $76
4.125% $78
4.250% $79
4.375% $80
4.500% $81
4.625% $82
4.750% $83
4.875% $85
5.000% $86
Payments by Amount Down
% Down Amount Payment
3.5% $700 $98
5.0% $1,000 $96
7.5% $1,500 $94
10% $2,000 $91
15% $3,000 $86
20% $4,000 $81
25% $5,000 $76
30% $6,000 $71
50% $10,000 $51
Payments by Loan Length
Length Payment
10 years $166
15 years $122
20 years $101
30 years $81
40 years $72
Interest only $60

Can I afford a $20,000 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 $20,000 with a 4.50% loan:

% Down Down Payment Income Required
3.5% $700 $5,620
5.0% $1,000 $5,554
7.5% $1,500 $5,446
10% $2,000 $5,337
15% $3,000 $5,120
20% $4,000 $4,903
25% $5,000 $4,686
30% $6,000 $4,469
50% $10,000 $3,600