$60,000 House at 4.75%

What's the monthly mortgage payment on a $60,000 house? Loan price for a $60,000 house with a 4.75% interest rate.
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Monthly payment = $250
Total yearly payments = $3,005
Payments by Interest Rate
Interest Rate Payment
4.250% $236
4.375% $240
4.500% $243
4.625% $247
4.750% $250
4.875% $254
5.000% $258
5.125% $261
5.250% $265
Payments by Amount Down
% Down Amount Payment
3.5% $2,100 $302
5.0% $3,000 $297
7.5% $4,500 $290
10% $6,000 $282
15% $9,000 $266
20% $12,000 $250
25% $15,000 $235
30% $18,000 $219
50% $30,000 $156
Payments by Loan Length
Length Payment
10 years $503
15 years $373
20 years $310
30 years $250
40 years $224
Interest only $190

Can I afford a $60,000 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 $60,000 with a 4.75% loan:

% Down Down Payment Income Required
3.5% $2,100 $17,230
5.0% $3,000 $17,029
7.5% $4,500 $16,693
10% $6,000 $16,358
15% $9,000 $15,687
20% $12,000 $15,017
25% $15,000 $14,346
30% $18,000 $13,675
50% $30,000 $10,993