$710,000 House at 5.00%

What's the monthly mortgage payment on a $710,000 house? Loan price for a $710,000 house with a 5.00% interest rate.
$
$
%
%
Monthly payment = $3,049
Total yearly payments = $36,590
Payments by Interest Rate
Interest Rate Payment
4.500% $2,878
4.625% $2,920
4.750% $2,963
4.875% $3,006
5.000% $3,049
5.125% $3,093
5.250% $3,137
5.375% $3,181
5.500% $3,225
Payments by Amount Down
% Down Amount Payment
3.5% $24,850 $3,678
5.0% $35,500 $3,621
7.5% $53,250 $3,526
10% $71,000 $3,430
15% $106,500 $3,240
20% $142,000 $3,049
25% $177,500 $2,859
30% $213,000 $2,668
50% $355,000 $1,906
Payments by Loan Length
Length Payment
10 years $6,025
15 years $4,492
20 years $3,749
30 years $3,049
40 years $2,739
Interest only $2,367

Can I afford a $710,000 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 $710,000 with a 5.00% loan:

% Down Down Payment Income Required
3.5% $24,850 $208,344
5.0% $35,500 $205,894
7.5% $53,250 $201,810
10% $71,000 $197,727
15% $106,500 $189,559
20% $142,000 $181,392
25% $177,500 $173,225
30% $213,000 $165,057
50% $355,000 $132,388