$260,000 House at 5.00%

What's the monthly mortgage payment on a $260,000 house? Loan price for a $260,000 house with a 5.00% interest rate.
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Monthly payment = $1,117
Total yearly payments = $13,399
Payments by Interest Rate
Interest Rate Payment
4.500% $1,054
4.625% $1,069
4.750% $1,085
4.875% $1,101
5.000% $1,117
5.125% $1,133
5.250% $1,149
5.375% $1,165
5.500% $1,181
Payments by Amount Down
% Down Amount Payment
3.5% $9,100 $1,347
5.0% $13,000 $1,326
7.5% $19,500 $1,291
10% $26,000 $1,256
15% $39,000 $1,186
20% $52,000 $1,117
25% $65,000 $1,047
30% $78,000 $977
50% $130,000 $698
Payments by Loan Length
Length Payment
10 years $2,206
15 years $1,645
20 years $1,373
30 years $1,117
40 years $1,003
Interest only $867

Can I afford a $260,000 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 $260,000 with a 5.00% loan:

% Down Down Payment Income Required
3.5% $9,100 $76,295
5.0% $13,000 $75,398
7.5% $19,500 $73,902
10% $26,000 $72,407
15% $39,000 $69,416
20% $52,000 $66,425
25% $65,000 $63,434
30% $78,000 $60,444
50% $130,000 $48,480