$300,000 House at 4.75%

What's the monthly mortgage payment on a $300,000 house? Loan price for a $300,000 house with a 4.75% interest rate.
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Monthly payment = $1,252
Total yearly payments = $15,023
Payments by Interest Rate
Interest Rate Payment
4.250% $1,181
4.375% $1,198
4.500% $1,216
4.625% $1,234
4.750% $1,252
4.875% $1,270
5.000% $1,288
5.125% $1,307
5.250% $1,325
Payments by Amount Down
% Down Amount Payment
3.5% $10,500 $1,510
5.0% $15,000 $1,487
7.5% $22,500 $1,448
10% $30,000 $1,408
15% $45,000 $1,330
20% $60,000 $1,252
25% $75,000 $1,174
30% $90,000 $1,095
50% $150,000 $782
Payments by Loan Length
Length Payment
10 years $2,516
15 years $1,867
20 years $1,551
30 years $1,252
40 years $1,118
Interest only $950

Can I afford a $300,000 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 $300,000 with a 4.75% loan:

% Down Down Payment Income Required
3.5% $10,500 $86,150
5.0% $15,000 $85,144
7.5% $22,500 $83,467
10% $30,000 $81,791
15% $45,000 $78,437
20% $60,000 $75,084
25% $75,000 $71,730
30% $90,000 $68,377
50% $150,000 $54,963