$310,000 House at 5.00%

What's the monthly mortgage payment on a $310,000 house? Loan price for a $310,000 house with a 5.00% interest rate.
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Monthly payment = $1,331
Total yearly payments = $15,976
Payments by Interest Rate
Interest Rate Payment
4.500% $1,257
4.625% $1,275
4.750% $1,294
4.875% $1,312
5.000% $1,331
5.125% $1,350
5.250% $1,369
5.375% $1,389
5.500% $1,408
Payments by Amount Down
% Down Amount Payment
3.5% $10,850 $1,606
5.0% $15,500 $1,581
7.5% $23,250 $1,539
10% $31,000 $1,498
15% $46,500 $1,415
20% $62,000 $1,331
25% $77,500 $1,248
30% $93,000 $1,165
50% $155,000 $832
Payments by Loan Length
Length Payment
10 years $2,630
15 years $1,961
20 years $1,637
30 years $1,331
40 years $1,196
Interest only $1,033

Can I afford a $310,000 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 $310,000 with a 5.00% loan:

% Down Down Payment Income Required
3.5% $10,850 $90,967
5.0% $15,500 $89,897
7.5% $23,250 $88,114
10% $31,000 $86,331
15% $46,500 $82,765
20% $62,000 $79,199
25% $77,500 $75,633
30% $93,000 $72,067
50% $155,000 $57,803