$260,000 House at 4.75%

What's the monthly mortgage payment on a $260,000 house? Loan price for a $260,000 house with a 4.75% interest rate.
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Monthly payment = $1,085
Total yearly payments = $13,020
Payments by Interest Rate
Interest Rate Payment
4.250% $1,023
4.375% $1,039
4.500% $1,054
4.625% $1,069
4.750% $1,085
4.875% $1,101
5.000% $1,117
5.125% $1,133
5.250% $1,149
Payments by Amount Down
% Down Amount Payment
3.5% $9,100 $1,309
5.0% $13,000 $1,288
7.5% $19,500 $1,255
10% $26,000 $1,221
15% $39,000 $1,153
20% $52,000 $1,085
25% $65,000 $1,017
30% $78,000 $949
50% $130,000 $678
Payments by Loan Length
Length Payment
10 years $2,181
15 years $1,618
20 years $1,344
30 years $1,085
40 years $969
Interest only $823

Can I afford a $260,000 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 $260,000 with a 4.75% loan:

% Down Down Payment Income Required
3.5% $9,100 $74,663
5.0% $13,000 $73,792
7.5% $19,500 $72,338
10% $26,000 $70,885
15% $39,000 $67,979
20% $52,000 $65,073
25% $65,000 $62,166
30% $78,000 $59,260
50% $130,000 $47,635