$20,000 House at 4.75%

What's the monthly mortgage payment on a $20,000 house? Loan price for a $20,000 house with a 4.75% interest rate.
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Monthly payment = $83
Total yearly payments = $1,002
Payments by Interest Rate
Interest Rate Payment
4.250% $79
4.375% $80
4.500% $81
4.625% $82
4.750% $83
4.875% $85
5.000% $86
5.125% $87
5.250% $88
Payments by Amount Down
% Down Amount Payment
3.5% $700 $101
5.0% $1,000 $99
7.5% $1,500 $97
10% $2,000 $94
15% $3,000 $89
20% $4,000 $83
25% $5,000 $78
30% $6,000 $73
50% $10,000 $52
Payments by Loan Length
Length Payment
10 years $168
15 years $124
20 years $103
30 years $83
40 years $75
Interest only $63

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 4.75% loan:

% Down Down Payment Income Required
3.5% $700 $5,743
5.0% $1,000 $5,676
7.5% $1,500 $5,564
10% $2,000 $5,453
15% $3,000 $5,229
20% $4,000 $5,006
25% $5,000 $4,782
30% $6,000 $4,558
50% $10,000 $3,664