$30,000 House at 5.00%

What's the monthly mortgage payment on a $30,000 house? Loan price for a $30,000 house with a 5.00% interest rate.
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Monthly payment = $129
Total yearly payments = $1,546
Payments by Interest Rate
Interest Rate Payment
4.500% $122
4.625% $123
4.750% $125
4.875% $127
5.000% $129
5.125% $131
5.250% $133
5.375% $134
5.500% $136
Payments by Amount Down
% Down Amount Payment
3.5% $1,050 $155
5.0% $1,500 $153
7.5% $2,250 $149
10% $3,000 $145
15% $4,500 $137
20% $6,000 $129
25% $7,500 $121
30% $9,000 $113
50% $15,000 $81
Payments by Loan Length
Length Payment
10 years $255
15 years $190
20 years $158
30 years $129
40 years $116
Interest only $100

Can I afford a $30,000 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 $30,000 with a 5.00% loan:

% Down Down Payment Income Required
3.5% $1,050 $8,803
5.0% $1,500 $8,700
7.5% $2,250 $8,527
10% $3,000 $8,355
15% $4,500 $8,010
20% $6,000 $7,664
25% $7,500 $7,319
30% $9,000 $6,974
50% $15,000 $5,594