Mortgage Payment on a $204,000 House

What's the payment on a $204,000 house? Calculate the monthly mortgage on a house, condo, or apartment which costs $204k.
Home price
$
Percent down
%
40,800
Interest rate
%
Loan term
After a 20% down payment, your loan amount will be $163,200. With a 30-year loan loan at 6.75% interest:
Monthly payment = $1,059
Total yearly payments = $12,702
Payments by Interest Rate
Interest Rate Payment
5.000% $876
5.500% $927
6.000% $978
6.250% $1,005
6.500% $1,032
6.750% $1,059
6.875% $1,072
7.000% $1,086
7.250% $1,113
7.500% $1,141
7.625% $1,155
7.750% $1,169
8.000% $1,198
Payments by Amount Down
% Down Amount Payment
3.5% $7,140 $1,277
5.0% $10,200 $1,257
7.5% $15,300 $1,224
10% $20,400 $1,191
15% $30,600 $1,125
20% $40,800 $1,059
25% $51,000 $992
30% $61,200 $926
50% $102,000 $662
Payments by Loan Length
Length Payment
10 years $1,874
15 years $1,444
20 years $1,241
30 years $1,059
40 years $985
Interest only $918
Can I afford a $204,000 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 $204,000 with a 6.75% loan:
% Down Down Payment Income Needed
3.5% $7,140 $69,293
5.0% $10,200 $68,442
7.5% $15,300 $67,024
10% $20,400 $65,607
15% $30,600 $62,772
20% $40,800 $59,936
25% $51,000 $57,101
30% $61,200 $54,266
50% $102,000 $42,924