$60,000 House at 4.50%

What's the monthly mortgage payment on a $60,000 house? Loan price for a $60,000 house with a 4.50% interest rate.
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Monthly payment = $243
Total yearly payments = $2,919
Payments by Interest Rate
Interest Rate Payment
4.000% $229
4.125% $233
4.250% $236
4.375% $240
4.500% $243
4.625% $247
4.750% $250
4.875% $254
5.000% $258
Payments by Amount Down
% Down Amount Payment
3.5% $2,100 $293
5.0% $3,000 $289
7.5% $4,500 $281
10% $6,000 $274
15% $9,000 $258
20% $12,000 $243
25% $15,000 $228
30% $18,000 $213
50% $30,000 $152
Payments by Loan Length
Length Payment
10 years $497
15 years $367
20 years $304
30 years $243
40 years $216
Interest only $180

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 4.50% loan:

% Down Down Payment Income Required
3.5% $2,100 $16,859
5.0% $3,000 $16,663
7.5% $4,500 $16,338
10% $6,000 $16,012
15% $9,000 $15,360
20% $12,000 $14,709
25% $15,000 $14,058
30% $18,000 $13,406
50% $30,000 $10,800