Mortgage Payment on a $337,000 House
What's the payment on a $337,000 house? Calculate the monthly mortgage on a house, condo, or apartment which costs $337k.
After a 20% down payment, your loan amount will be $269,600. With a 30-year loan loan at 6.75% interest:
Monthly payment = $1,749
Total yearly payments = $20,983
Payments by Interest Rate
| Interest Rate |
Payment |
| 5.000% |
$1,447 |
| 5.500% |
$1,531 |
| 6.000% |
$1,616 |
| 6.250% |
$1,660 |
| 6.500% |
$1,704 |
| 6.750% |
$1,749 |
| 6.875% |
$1,771 |
| 7.000% |
$1,794 |
| 7.250% |
$1,839 |
| 7.500% |
$1,885 |
| 7.625% |
$1,908 |
| 7.750% |
$1,931 |
| 8.000% |
$1,978 |
Payments by Amount Down
| % Down |
Amount |
Payment |
| 3.5% |
$11,795 |
$2,109 |
| 5.0% |
$16,850 |
$2,076 |
| 7.5% |
$25,275 |
$2,022 |
| 10% |
$33,700 |
$1,967 |
| 15% |
$50,550 |
$1,858 |
| 20% |
$67,400 |
$1,749 |
| 25% |
$84,250 |
$1,639 |
| 30% |
$101,100 |
$1,530 |
| 50% |
$168,500 |
$1,093 |
Payments by Loan Length
| Length |
Payment |
| 10 years |
$3,096 |
| 15 years |
$2,386 |
| 20 years |
$2,050 |
| 30 years |
$1,749 |
| 40 years |
$1,627 |
| Interest only |
$1,517 |
Can I afford a $337,000 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 $337,000 with a 6.75% loan:
| % Down |
Down Payment |
Income Needed |
| 3.5% |
$11,795 |
$114,469 |
| 5.0% |
$16,850 |
$113,064 |
| 7.5% |
$25,275 |
$110,722 |
| 10% |
$33,700 |
$108,380 |
| 15% |
$50,550 |
$103,696 |
| 20% |
$67,400 |
$99,012 |
| 25% |
$84,250 |
$94,329 |
| 30% |
$101,100 |
$89,645 |
| 50% |
$168,500 |
$70,909 |