$470,000 House at 5.00%

What's the monthly mortgage payment on a $470,000 house? Loan price for a $470,000 house with a 5.00% interest rate.
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Monthly payment = $2,018
Total yearly payments = $24,221
Payments by Interest Rate
Interest Rate Payment
4.500% $1,905
4.625% $1,933
4.750% $1,961
4.875% $1,990
5.000% $2,018
5.125% $2,047
5.250% $2,076
5.375% $2,105
5.500% $2,135
Payments by Amount Down
% Down Amount Payment
3.5% $16,450 $2,435
5.0% $23,500 $2,397
7.5% $35,250 $2,334
10% $47,000 $2,271
15% $70,500 $2,145
20% $94,000 $2,018
25% $117,500 $1,892
30% $141,000 $1,766
50% $235,000 $1,262
Payments by Loan Length
Length Payment
10 years $3,988
15 years $2,973
20 years $2,481
30 years $2,018
40 years $1,813
Interest only $1,567

Can I afford a $470,000 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 $470,000 with a 5.00% loan:

% Down Down Payment Income Required
3.5% $16,450 $137,918
5.0% $23,500 $136,296
7.5% $35,250 $133,593
10% $47,000 $130,890
15% $70,500 $125,483
20% $94,000 $120,076
25% $117,500 $114,670
30% $141,000 $109,263
50% $235,000 $87,637