$490,000 House at 4.75%

What's the monthly mortgage payment on a $490,000 house? Loan price for a $490,000 house with a 4.75% interest rate.
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Monthly payment = $2,045
Total yearly payments = $24,538
Payments by Interest Rate
Interest Rate Payment
4.250% $1,928
4.375% $1,957
4.500% $1,986
4.625% $2,015
4.750% $2,045
4.875% $2,074
5.000% $2,104
5.125% $2,134
5.250% $2,165
Payments by Amount Down
% Down Amount Payment
3.5% $17,150 $2,467
5.0% $24,500 $2,428
7.5% $36,750 $2,364
10% $49,000 $2,300
15% $73,500 $2,173
20% $98,000 $2,045
25% $122,500 $1,917
30% $147,000 $1,789
50% $245,000 $1,278
Payments by Loan Length
Length Payment
10 years $4,110
15 years $3,049
20 years $2,533
30 years $2,045
40 years $1,826
Interest only $1,552

Can I afford a $490,000 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 $490,000 with a 4.75% loan:

% Down Down Payment Income Required
3.5% $17,150 $140,712
5.0% $24,500 $139,069
7.5% $36,750 $136,330
10% $49,000 $133,591
15% $73,500 $128,114
20% $98,000 $122,637
25% $122,500 $117,159
30% $147,000 $111,682
50% $245,000 $89,773