$580,000 House at 5.00%

What's the monthly mortgage payment on a $580,000 house? Loan price for a $580,000 house with a 5.00% interest rate.
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Monthly payment = $2,491
Total yearly payments = $29,890
Payments by Interest Rate
Interest Rate Payment
4.500% $2,351
4.625% $2,386
4.750% $2,420
4.875% $2,456
5.000% $2,491
5.125% $2,526
5.250% $2,562
5.375% $2,598
5.500% $2,635
Payments by Amount Down
% Down Amount Payment
3.5% $20,300 $3,005
5.0% $29,000 $2,958
7.5% $43,500 $2,880
10% $58,000 $2,802
15% $87,000 $2,647
20% $116,000 $2,491
25% $145,000 $2,335
30% $174,000 $2,179
50% $290,000 $1,557
Payments by Loan Length
Length Payment
10 years $4,921
15 years $3,669
20 years $3,062
30 years $2,491
40 years $2,237
Interest only $1,933

Can I afford a $580,000 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 $580,000 with a 5.00% loan:

% Down Down Payment Income Required
3.5% $20,300 $170,197
5.0% $29,000 $168,195
7.5% $43,500 $164,859
10% $58,000 $161,523
15% $87,000 $154,851
20% $116,000 $148,179
25% $145,000 $141,507
30% $174,000 $134,836
50% $290,000 $108,148