$290,000 House at 5.00%

What's the monthly mortgage payment on a $290,000 house? Loan price for a $290,000 house with a 5.00% interest rate.
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Monthly payment = $1,245
Total yearly payments = $14,945
Payments by Interest Rate
Interest Rate Payment
4.500% $1,176
4.625% $1,193
4.750% $1,210
4.875% $1,228
5.000% $1,245
5.125% $1,263
5.250% $1,281
5.375% $1,299
5.500% $1,317
Payments by Amount Down
% Down Amount Payment
3.5% $10,150 $1,502
5.0% $14,500 $1,479
7.5% $21,750 $1,440
10% $29,000 $1,401
15% $43,500 $1,323
20% $58,000 $1,245
25% $72,500 $1,168
30% $87,000 $1,090
50% $145,000 $778
Payments by Loan Length
Length Payment
10 years $2,461
15 years $1,835
20 years $1,531
30 years $1,245
40 years $1,119
Interest only $967

Can I afford a $290,000 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 $290,000 with a 5.00% loan:

% Down Down Payment Income Required
3.5% $10,150 $85,098
5.0% $14,500 $84,098
7.5% $21,750 $82,430
10% $29,000 $80,762
15% $43,500 $77,426
20% $58,000 $74,090
25% $72,500 $70,754
30% $87,000 $67,418
50% $145,000 $54,074