$40,000 House at 4.75%

What's the monthly mortgage payment on a $40,000 house? Loan price for a $40,000 house with a 4.75% interest rate.
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Monthly payment = $167
Total yearly payments = $2,003
Payments by Interest Rate
Interest Rate Payment
4.250% $157
4.375% $160
4.500% $162
4.625% $165
4.750% $167
4.875% $169
5.000% $172
5.125% $174
5.250% $177
Payments by Amount Down
% Down Amount Payment
3.5% $1,400 $201
5.0% $2,000 $198
7.5% $3,000 $193
10% $4,000 $188
15% $6,000 $177
20% $8,000 $167
25% $10,000 $156
30% $12,000 $146
50% $20,000 $104
Payments by Loan Length
Length Payment
10 years $336
15 years $249
20 years $207
30 years $167
40 years $149
Interest only $127

Can I afford a $40,000 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 $40,000 with a 4.75% loan:

% Down Down Payment Income Required
3.5% $1,400 $11,487
5.0% $2,000 $11,353
7.5% $3,000 $11,129
10% $4,000 $10,905
15% $6,000 $10,458
20% $8,000 $10,011
25% $10,000 $9,564
30% $12,000 $9,117
50% $20,000 $7,328