$250,000 House at 5.00%

What's the monthly mortgage payment on a $250,000 house? Loan price for a $250,000 house with a 5.00% interest rate.
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Monthly payment = $1,074
Total yearly payments = $12,884
Payments by Interest Rate
Interest Rate Payment
4.500% $1,013
4.625% $1,028
4.750% $1,043
4.875% $1,058
5.000% $1,074
5.125% $1,089
5.250% $1,104
5.375% $1,120
5.500% $1,136
Payments by Amount Down
% Down Amount Payment
3.5% $8,750 $1,295
5.0% $12,500 $1,275
7.5% $18,750 $1,241
10% $25,000 $1,208
15% $37,500 $1,141
20% $50,000 $1,074
25% $62,500 $1,007
30% $75,000 $939
50% $125,000 $671
Payments by Loan Length
Length Payment
10 years $2,121
15 years $1,582
20 years $1,320
30 years $1,074
40 years $964
Interest only $833

Can I afford a $250,000 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 $250,000 with a 5.00% loan:

% Down Down Payment Income Required
3.5% $8,750 $73,361
5.0% $12,500 $72,498
7.5% $18,750 $71,060
10% $25,000 $69,622
15% $37,500 $66,746
20% $50,000 $63,870
25% $62,500 $60,995
30% $75,000 $58,119
50% $125,000 $46,615