$230,000 House at 5.00%

What's the monthly mortgage payment on a $230,000 house? Loan price for a $230,000 house with a 5.00% interest rate.
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Monthly payment = $988
Total yearly payments = $11,853
Payments by Interest Rate
Interest Rate Payment
4.500% $932
4.625% $946
4.750% $960
4.875% $974
5.000% $988
5.125% $1,002
5.250% $1,016
5.375% $1,030
5.500% $1,045
Payments by Amount Down
% Down Amount Payment
3.5% $8,050 $1,191
5.0% $11,500 $1,173
7.5% $17,250 $1,142
10% $23,000 $1,111
15% $34,500 $1,049
20% $46,000 $988
25% $57,500 $926
30% $69,000 $864
50% $115,000 $617
Payments by Loan Length
Length Payment
10 years $1,952
15 years $1,455
20 years $1,214
30 years $988
40 years $887
Interest only $767

Can I afford a $230,000 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 $230,000 with a 5.00% loan:

% Down Down Payment Income Required
3.5% $8,050 $67,492
5.0% $11,500 $66,698
7.5% $17,250 $65,375
10% $23,000 $64,052
15% $34,500 $61,407
20% $46,000 $58,761
25% $57,500 $56,115
30% $69,000 $53,469
50% $115,000 $42,886