$470,000 House at 4.75%

What's the monthly mortgage payment on a $470,000 house? Loan price for a $470,000 house with a 4.75% interest rate.
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Monthly payment = $1,961
Total yearly payments = $23,537
Payments by Interest Rate
Interest Rate Payment
4.250% $1,850
4.375% $1,877
4.500% $1,905
4.625% $1,933
4.750% $1,961
4.875% $1,990
5.000% $2,018
5.125% $2,047
5.250% $2,076
Payments by Amount Down
% Down Amount Payment
3.5% $16,450 $2,366
5.0% $23,500 $2,329
7.5% $35,250 $2,268
10% $47,000 $2,207
15% $70,500 $2,084
20% $94,000 $1,961
25% $117,500 $1,839
30% $141,000 $1,716
50% $235,000 $1,226
Payments by Loan Length
Length Payment
10 years $3,942
15 years $2,925
20 years $2,430
30 years $1,961
40 years $1,751
Interest only $1,488

Can I afford a $470,000 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 $470,000 with a 4.75% loan:

% Down Down Payment Income Required
3.5% $16,450 $134,968
5.0% $23,500 $133,392
7.5% $35,250 $130,766
10% $47,000 $128,139
15% $70,500 $122,885
20% $94,000 $117,631
25% $117,500 $112,377
30% $141,000 $107,124
50% $235,000 $86,109