$70,000 House at 5.00%

What's the monthly mortgage payment on a $70,000 house? Loan price for a $70,000 house with a 5.00% interest rate.
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Monthly payment = $301
Total yearly payments = $3,607
Payments by Interest Rate
Interest Rate Payment
4.500% $284
4.625% $288
4.750% $292
4.875% $296
5.000% $301
5.125% $305
5.250% $309
5.375% $314
5.500% $318
Payments by Amount Down
% Down Amount Payment
3.5% $2,450 $363
5.0% $3,500 $357
7.5% $5,250 $348
10% $7,000 $338
15% $10,500 $319
20% $14,000 $301
25% $17,500 $282
30% $21,000 $263
50% $35,000 $188
Payments by Loan Length
Length Payment
10 years $594
15 years $443
20 years $370
30 years $301
40 years $270
Interest only $233

Can I afford a $70,000 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 $70,000 with a 5.00% loan:

% Down Down Payment Income Required
3.5% $2,450 $20,541
5.0% $3,500 $20,299
7.5% $5,250 $19,897
10% $7,000 $19,494
15% $10,500 $18,689
20% $14,000 $17,884
25% $17,500 $17,078
30% $21,000 $16,273
50% $35,000 $13,052