$490,000 House at 5.00%

What's the monthly mortgage payment on a $490,000 house? Loan price for a $490,000 house with a 5.00% interest rate.
$
$
%
%
Monthly payment = $2,104
Total yearly payments = $25,252
Payments by Interest Rate
Interest Rate Payment
4.500% $1,986
4.625% $2,015
4.750% $2,045
4.875% $2,074
5.000% $2,104
5.125% $2,134
5.250% $2,165
5.375% $2,195
5.500% $2,226
Payments by Amount Down
% Down Amount Payment
3.5% $17,150 $2,538
5.0% $24,500 $2,499
7.5% $36,750 $2,433
10% $49,000 $2,367
15% $73,500 $2,236
20% $98,000 $2,104
25% $122,500 $1,973
30% $147,000 $1,841
50% $245,000 $1,315
Payments by Loan Length
Length Payment
10 years $4,158
15 years $3,100
20 years $2,587
30 years $2,104
40 years $1,890
Interest only $1,633

Can I afford a $490,000 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 $490,000 with a 5.00% loan:

% Down Down Payment Income Required
3.5% $17,150 $143,787
5.0% $24,500 $142,096
7.5% $36,750 $139,278
10% $49,000 $136,459
15% $73,500 $130,823
20% $98,000 $125,186
25% $122,500 $119,549
30% $147,000 $113,913
50% $245,000 $91,366