Income Needed for House Calculator
How much do you need to make to be able to afford a house?
House Price | $ | |
Down Payment | $ | |
Interest Rate | % | |
Term of Loan | ||
Pct of Income (for housing) |
% | |
(results appear below)
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This page will calculate how much you need to make to be able to afford a house that costs a certain price.
This calculator is for fixed-rate mortgages. Adjustable-rate mortgages, or ARMs, may allow you to acheive lower payments in the short term. However, with ARMs, your monthly payment may increase if interest rates rise.
Note: 28% is the standard percentage of pre-tax income to spend on housing.