$50,000 House at 5.00%

What's the monthly mortgage payment on a $50,000 house? Loan price for a $50,000 house with a 5.00% interest rate.
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Monthly payment = $215
Total yearly payments = $2,577
Payments by Interest Rate
Interest Rate Payment
4.500% $203
4.625% $206
4.750% $209
4.875% $212
5.000% $215
5.125% $218
5.250% $221
5.375% $224
5.500% $227
Payments by Amount Down
% Down Amount Payment
3.5% $1,750 $259
5.0% $2,500 $255
7.5% $3,750 $248
10% $5,000 $242
15% $7,500 $228
20% $10,000 $215
25% $12,500 $201
30% $15,000 $188
50% $25,000 $134
Payments by Loan Length
Length Payment
10 years $424
15 years $316
20 years $264
30 years $215
40 years $193
Interest only $167

Can I afford a $50,000 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 $50,000 with a 5.00% loan:

% Down Down Payment Income Required
3.5% $1,750 $14,672
5.0% $2,500 $14,500
7.5% $3,750 $14,212
10% $5,000 $13,924
15% $7,500 $13,349
20% $10,000 $12,774
25% $12,500 $12,199
30% $15,000 $11,624
50% $25,000 $9,323