$270,000 House at 5.00%

What's the monthly mortgage payment on a $270,000 house? Loan price for a $270,000 house with a 5.00% interest rate.
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Monthly payment = $1,160
Total yearly payments = $13,914
Payments by Interest Rate
Interest Rate Payment
4.500% $1,094
4.625% $1,111
4.750% $1,127
4.875% $1,143
5.000% $1,160
5.125% $1,176
5.250% $1,193
5.375% $1,210
5.500% $1,226
Payments by Amount Down
% Down Amount Payment
3.5% $9,450 $1,399
5.0% $13,500 $1,377
7.5% $20,250 $1,341
10% $27,000 $1,304
15% $40,500 $1,232
20% $54,000 $1,160
25% $67,500 $1,087
30% $81,000 $1,015
50% $135,000 $725
Payments by Loan Length
Length Payment
10 years $2,291
15 years $1,708
20 years $1,426
30 years $1,160
40 years $1,042
Interest only $900

Can I afford a $270,000 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 $270,000 with a 5.00% loan:

% Down Down Payment Income Required
3.5% $9,450 $79,230
5.0% $13,500 $78,298
7.5% $20,250 $76,745
10% $27,000 $75,192
15% $40,500 $72,086
20% $54,000 $68,980
25% $67,500 $65,874
30% $81,000 $62,768
50% $135,000 $50,345