Mortgage Payment on a $333,000 House
What's the payment on a $333,000 house? Calculate the monthly mortgage on a house, condo, or apartment which costs $333k.
After a 20% down payment, your loan amount will be $266,400. With a 30-year loan loan at 6.75% interest:
Monthly payment = $1,728
Total yearly payments = $20,734
Payments by Interest Rate
| Interest Rate |
Payment |
| 5.000% |
$1,430 |
| 5.500% |
$1,513 |
| 6.000% |
$1,597 |
| 6.250% |
$1,640 |
| 6.500% |
$1,684 |
| 6.750% |
$1,728 |
| 6.875% |
$1,750 |
| 7.000% |
$1,772 |
| 7.250% |
$1,817 |
| 7.500% |
$1,863 |
| 7.625% |
$1,886 |
| 7.750% |
$1,909 |
| 8.000% |
$1,955 |
Payments by Amount Down
| % Down |
Amount |
Payment |
| 3.5% |
$11,655 |
$2,084 |
| 5.0% |
$16,650 |
$2,052 |
| 7.5% |
$24,975 |
$1,998 |
| 10% |
$33,300 |
$1,944 |
| 15% |
$49,950 |
$1,836 |
| 20% |
$66,600 |
$1,728 |
| 25% |
$83,250 |
$1,620 |
| 30% |
$99,900 |
$1,512 |
| 50% |
$166,500 |
$1,080 |
Payments by Loan Length
| Length |
Payment |
| 10 years |
$3,059 |
| 15 years |
$2,357 |
| 20 years |
$2,026 |
| 30 years |
$1,728 |
| 40 years |
$1,607 |
| Interest only |
$1,499 |
Can I afford a $333,000 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 $333,000 with a 6.75% loan:
| % Down |
Down Payment |
Income Needed |
| 3.5% |
$11,655 |
$113,110 |
| 5.0% |
$16,650 |
$111,722 |
| 7.5% |
$24,975 |
$109,408 |
| 10% |
$33,300 |
$107,094 |
| 15% |
$49,950 |
$102,465 |
| 20% |
$66,600 |
$97,837 |
| 25% |
$83,250 |
$93,209 |
| 30% |
$99,900 |
$88,581 |
| 50% |
$166,500 |
$70,068 |