Mortgage Payment on a $336,000 House
What's the payment on a $336,000 house? Calculate the monthly mortgage on a house, condo, or apartment which costs $336k.
After a 20% down payment, your loan amount will be $268,800. With a 30-year loan loan at 6.75% interest:
Monthly payment = $1,743
Total yearly payments = $20,921
Payments by Interest Rate
| Interest Rate |
Payment |
| 5.000% |
$1,443 |
| 5.500% |
$1,526 |
| 6.000% |
$1,612 |
| 6.250% |
$1,655 |
| 6.500% |
$1,699 |
| 6.750% |
$1,743 |
| 6.875% |
$1,766 |
| 7.000% |
$1,788 |
| 7.250% |
$1,834 |
| 7.500% |
$1,879 |
| 7.625% |
$1,903 |
| 7.750% |
$1,926 |
| 8.000% |
$1,972 |
Payments by Amount Down
| % Down |
Amount |
Payment |
| 3.5% |
$11,760 |
$2,103 |
| 5.0% |
$16,800 |
$2,070 |
| 7.5% |
$25,200 |
$2,016 |
| 10% |
$33,600 |
$1,961 |
| 15% |
$50,400 |
$1,852 |
| 20% |
$67,200 |
$1,743 |
| 25% |
$84,000 |
$1,634 |
| 30% |
$100,800 |
$1,526 |
| 50% |
$168,000 |
$1,090 |
Payments by Loan Length
| Length |
Payment |
| 10 years |
$3,086 |
| 15 years |
$2,379 |
| 20 years |
$2,044 |
| 30 years |
$1,743 |
| 40 years |
$1,622 |
| Interest only |
$1,512 |
Can I afford a $336,000 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 $336,000 with a 6.75% loan:
| % Down |
Down Payment |
Income Needed |
| 3.5% |
$11,760 |
$114,129 |
| 5.0% |
$16,800 |
$112,728 |
| 7.5% |
$25,200 |
$110,393 |
| 10% |
$33,600 |
$108,058 |
| 15% |
$50,400 |
$103,388 |
| 20% |
$67,200 |
$98,719 |
| 25% |
$84,000 |
$94,049 |
| 30% |
$100,800 |
$89,379 |
| 50% |
$168,000 |
$70,699 |