$230,000 House at 4.75%

What's the monthly mortgage payment on a $230,000 house? Loan price for a $230,000 house with a 4.75% interest rate.
$
$
%
%
Monthly payment = $960
Total yearly payments = $11,518
Payments by Interest Rate
Interest Rate Payment
4.250% $905
4.375% $919
4.500% $932
4.625% $946
4.750% $960
4.875% $974
5.000% $988
5.125% $1,002
5.250% $1,016
Payments by Amount Down
% Down Amount Payment
3.5% $8,050 $1,158
5.0% $11,500 $1,140
7.5% $17,250 $1,110
10% $23,000 $1,080
15% $34,500 $1,020
20% $46,000 $960
25% $57,500 $900
30% $69,000 $840
50% $115,000 $600
Payments by Loan Length
Length Payment
10 years $1,929
15 years $1,431
20 years $1,189
30 years $960
40 years $857
Interest only $728

Can I afford a $230,000 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 $230,000 with a 4.75% loan:

% Down Down Payment Income Required
3.5% $8,050 $66,048
5.0% $11,500 $65,277
7.5% $17,250 $63,992
10% $23,000 $62,706
15% $34,500 $60,135
20% $46,000 $57,564
25% $57,500 $54,993
30% $69,000 $52,422
50% $115,000 $42,138