$340,000 House at 5.00%

What's the monthly mortgage payment on a $340,000 house? Loan price for a $340,000 house with a 5.00% interest rate.
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Monthly payment = $1,460
Total yearly payments = $17,522
Payments by Interest Rate
Interest Rate Payment
4.500% $1,378
4.625% $1,398
4.750% $1,419
4.875% $1,439
5.000% $1,460
5.125% $1,481
5.250% $1,502
5.375% $1,523
5.500% $1,544
Payments by Amount Down
% Down Amount Payment
3.5% $11,900 $1,761
5.0% $17,000 $1,734
7.5% $25,500 $1,688
10% $34,000 $1,643
15% $51,000 $1,551
20% $68,000 $1,460
25% $85,000 $1,369
30% $102,000 $1,278
50% $170,000 $913
Payments by Loan Length
Length Payment
10 years $2,885
15 years $2,151
20 years $1,795
30 years $1,460
40 years $1,312
Interest only $1,133

Can I afford a $340,000 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 $340,000 with a 5.00% loan:

% Down Down Payment Income Required
3.5% $11,900 $99,771
5.0% $17,000 $98,597
7.5% $25,500 $96,642
10% $34,000 $94,686
15% $51,000 $90,775
20% $68,000 $86,864
25% $85,000 $82,953
30% $102,000 $79,042
50% $170,000 $63,397