$420,000 House at 5.00%

What's the monthly mortgage payment on a $420,000 house? Loan price for a $420,000 house with a 5.00% interest rate.
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Monthly payment = $1,804
Total yearly payments = $21,645
Payments by Interest Rate
Interest Rate Payment
4.500% $1,702
4.625% $1,728
4.750% $1,753
4.875% $1,778
5.000% $1,804
5.125% $1,829
5.250% $1,855
5.375% $1,882
5.500% $1,908
Payments by Amount Down
% Down Amount Payment
3.5% $14,700 $2,176
5.0% $21,000 $2,142
7.5% $31,500 $2,086
10% $42,000 $2,029
15% $63,000 $1,916
20% $84,000 $1,804
25% $105,000 $1,691
30% $126,000 $1,578
50% $210,000 $1,127
Payments by Loan Length
Length Payment
10 years $3,564
15 years $2,657
20 years $2,217
30 years $1,804
40 years $1,620
Interest only $1,400

Can I afford a $420,000 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 $420,000 with a 5.00% loan:

% Down Down Payment Income Required
3.5% $14,700 $123,246
5.0% $21,000 $121,796
7.5% $31,500 $119,381
10% $42,000 $116,965
15% $63,000 $112,134
20% $84,000 $107,302
25% $105,000 $102,471
30% $126,000 $97,640
50% $210,000 $78,314