Mortgage Payment on a $465,000 House
What's the payment on a $465,000 house? Calculate the monthly mortgage on a house, condo, or apartment which costs $465k.
After a 20% down payment, your loan amount will be $372,000. With a 30-year loan loan at 6.75% interest:
Monthly payment = $2,413
Total yearly payments = $28,953
Payments by Interest Rate
| Interest Rate |
Payment |
| 5.000% |
$1,997 |
| 5.500% |
$2,112 |
| 6.000% |
$2,230 |
| 6.250% |
$2,290 |
| 6.500% |
$2,351 |
| 6.750% |
$2,413 |
| 6.875% |
$2,444 |
| 7.000% |
$2,475 |
| 7.250% |
$2,538 |
| 7.500% |
$2,601 |
| 7.625% |
$2,633 |
| 7.750% |
$2,665 |
| 8.000% |
$2,730 |
Payments by Amount Down
| % Down |
Amount |
Payment |
| 3.5% |
$16,275 |
$2,910 |
| 5.0% |
$23,250 |
$2,865 |
| 7.5% |
$34,875 |
$2,790 |
| 10% |
$46,500 |
$2,714 |
| 15% |
$69,750 |
$2,564 |
| 20% |
$93,000 |
$2,413 |
| 25% |
$116,250 |
$2,262 |
| 30% |
$139,500 |
$2,111 |
| 50% |
$232,500 |
$1,508 |
Payments by Loan Length
| Length |
Payment |
| 10 years |
$4,271 |
| 15 years |
$3,292 |
| 20 years |
$2,829 |
| 30 years |
$2,413 |
| 40 years |
$2,244 |
| Interest only |
$2,093 |
Can I afford a $465,000 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 $465,000 with a 6.75% loan:
| % Down |
Down Payment |
Income Needed |
| 3.5% |
$16,275 |
$157,947 |
| 5.0% |
$23,250 |
$156,008 |
| 7.5% |
$34,875 |
$152,776 |
| 10% |
$46,500 |
$149,545 |
| 15% |
$69,750 |
$143,082 |
| 20% |
$93,000 |
$136,619 |
| 25% |
$116,250 |
$130,157 |
| 30% |
$139,500 |
$123,694 |
| 50% |
$232,500 |
$97,842 |