$240,000 House at 4.50%

What's the monthly mortgage payment on a $240,000 house? Loan price for a $240,000 house with a 4.50% interest rate.
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Monthly payment = $973
Total yearly payments = $11,674
Payments by Interest Rate
Interest Rate Payment
4.000% $917
4.125% $931
4.250% $945
4.375% $959
4.500% $973
4.625% $987
4.750% $1,002
4.875% $1,016
5.000% $1,031
Payments by Amount Down
% Down Amount Payment
3.5% $8,400 $1,173
5.0% $12,000 $1,155
7.5% $18,000 $1,125
10% $24,000 $1,094
15% $36,000 $1,034
20% $48,000 $973
25% $60,000 $912
30% $72,000 $851
50% $120,000 $608
Payments by Loan Length
Length Payment
10 years $1,990
15 years $1,469
20 years $1,215
30 years $973
40 years $863
Interest only $720

Can I afford a $240,000 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 $240,000 with a 4.50% loan:

% Down Down Payment Income Required
3.5% $8,400 $67,435
5.0% $12,000 $66,653
7.5% $18,000 $65,350
10% $24,000 $64,047
15% $36,000 $61,442
20% $48,000 $58,836
25% $60,000 $56,230
30% $72,000 $53,624
50% $120,000 $43,201