$300,000 House at 5.00%

What's the monthly mortgage payment on a $300,000 house? Loan price for a $300,000 house with a 5.00% interest rate.
$
$
%
%
Monthly payment = $1,288
Total yearly payments = $15,460
Payments by Interest Rate
Interest Rate Payment
4.500% $1,216
4.625% $1,234
4.750% $1,252
4.875% $1,270
5.000% $1,288
5.125% $1,307
5.250% $1,325
5.375% $1,344
5.500% $1,363
Payments by Amount Down
% Down Amount Payment
3.5% $10,500 $1,554
5.0% $15,000 $1,530
7.5% $22,500 $1,490
10% $30,000 $1,449
15% $45,000 $1,369
20% $60,000 $1,288
25% $75,000 $1,208
30% $90,000 $1,127
50% $150,000 $805
Payments by Loan Length
Length Payment
10 years $2,546
15 years $1,898
20 years $1,584
30 years $1,288
40 years $1,157
Interest only $1,000

Can I afford a $300,000 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 $300,000 with a 5.00% loan:

% Down Down Payment Income Required
3.5% $10,500 $88,033
5.0% $15,000 $86,997
7.5% $22,500 $85,272
10% $30,000 $83,547
15% $45,000 $80,096
20% $60,000 $76,645
25% $75,000 $73,194
30% $90,000 $69,743
50% $150,000 $55,939