$250,000 House at 4.75%

What's the monthly mortgage payment on a $250,000 house? Loan price for a $250,000 house with a 4.75% interest rate.
$
$
%
%
Monthly payment = $1,043
Total yearly payments = $12,520
Payments by Interest Rate
Interest Rate Payment
4.250% $984
4.375% $999
4.500% $1,013
4.625% $1,028
4.750% $1,043
4.875% $1,058
5.000% $1,074
5.125% $1,089
5.250% $1,104
Payments by Amount Down
% Down Amount Payment
3.5% $8,750 $1,258
5.0% $12,500 $1,239
7.5% $18,750 $1,206
10% $25,000 $1,174
15% $37,500 $1,109
20% $50,000 $1,043
25% $62,500 $978
30% $75,000 $913
50% $125,000 $652
Payments by Loan Length
Length Payment
10 years $2,097
15 years $1,556
20 years $1,292
30 years $1,043
40 years $932
Interest only $792

Can I afford a $250,000 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 $250,000 with a 4.75% loan:

% Down Down Payment Income Required
3.5% $8,750 $71,792
5.0% $12,500 $70,953
7.5% $18,750 $69,556
10% $25,000 $68,159
15% $37,500 $65,364
20% $50,000 $62,570
25% $62,500 $59,775
30% $75,000 $56,981
50% $125,000 $45,803