$320,000 House at 5.00%

What's the monthly mortgage payment on a $320,000 house? Loan price for a $320,000 house with a 5.00% interest rate.
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Monthly payment = $1,374
Total yearly payments = $16,491
Payments by Interest Rate
Interest Rate Payment
4.500% $1,297
4.625% $1,316
4.750% $1,335
4.875% $1,355
5.000% $1,374
5.125% $1,394
5.250% $1,414
5.375% $1,434
5.500% $1,454
Payments by Amount Down
% Down Amount Payment
3.5% $11,200 $1,658
5.0% $16,000 $1,632
7.5% $24,000 $1,589
10% $32,000 $1,546
15% $48,000 $1,460
20% $64,000 $1,374
25% $80,000 $1,288
30% $96,000 $1,202
50% $160,000 $859
Payments by Loan Length
Length Payment
10 years $2,715
15 years $2,024
20 years $1,689
30 years $1,374
40 years $1,234
Interest only $1,067

Can I afford a $320,000 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 $320,000 with a 5.00% loan:

% Down Down Payment Income Required
3.5% $11,200 $93,902
5.0% $16,000 $92,797
7.5% $24,000 $90,957
10% $32,000 $89,116
15% $48,000 $85,435
20% $64,000 $81,754
25% $80,000 $78,073
30% $96,000 $74,392
50% $160,000 $59,668