Mortgage Payment on a $472,000 House
What's the payment on a $472,000 house? Calculate the monthly mortgage on a house, condo, or apartment which costs $472k.
After a 20% down payment, your loan amount will be $377,600. With a 30-year loan loan at 6.75% interest:
Monthly payment = $2,449
Total yearly payments = $29,389
Payments by Interest Rate
| Interest Rate |
Payment |
| 5.000% |
$2,027 |
| 5.500% |
$2,144 |
| 6.000% |
$2,264 |
| 6.250% |
$2,325 |
| 6.500% |
$2,387 |
| 6.750% |
$2,449 |
| 6.875% |
$2,481 |
| 7.000% |
$2,512 |
| 7.250% |
$2,576 |
| 7.500% |
$2,640 |
| 7.625% |
$2,673 |
| 7.750% |
$2,705 |
| 8.000% |
$2,771 |
Payments by Amount Down
| % Down |
Amount |
Payment |
| 3.5% |
$16,520 |
$2,954 |
| 5.0% |
$23,600 |
$2,908 |
| 7.5% |
$35,400 |
$2,832 |
| 10% |
$47,200 |
$2,755 |
| 15% |
$70,800 |
$2,602 |
| 20% |
$94,400 |
$2,449 |
| 25% |
$118,000 |
$2,296 |
| 30% |
$141,600 |
$2,143 |
| 50% |
$236,000 |
$1,531 |
Payments by Loan Length
| Length |
Payment |
| 10 years |
$4,336 |
| 15 years |
$3,341 |
| 20 years |
$2,871 |
| 30 years |
$2,449 |
| 40 years |
$2,278 |
| Interest only |
$2,124 |
Can I afford a $472,000 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 $472,000 with a 6.75% loan:
| % Down |
Down Payment |
Income Needed |
| 3.5% |
$16,520 |
$160,324 |
| 5.0% |
$23,600 |
$158,356 |
| 7.5% |
$35,400 |
$155,076 |
| 10% |
$47,200 |
$151,796 |
| 15% |
$70,800 |
$145,236 |
| 20% |
$94,400 |
$138,676 |
| 25% |
$118,000 |
$132,116 |
| 30% |
$141,600 |
$125,556 |
| 50% |
$236,000 |
$99,315 |