Income Needed for House Calculator

How much do you need to make to be able to afford a house?

Purchase Price	$
Down Payment	$
Interest Rate	%
Term of Loan
Pct. of Income (for Housing)	%

To afford a house that costs $350,000 with a down payment of $70,000, you'd need to earn $52,225 per year before tax.

The monthly mortgage payment would be $1,219.

Calculate how much you need to make to be able to afford a house that costs a certain price.

Note: 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.

Income Needed to Afford a House by House Price

5,000	10,000	15,000	20,000	25,000	30,000	35,000	40,000	45,000	50,000
55,000	60,000	65,000	70,000	75,000	80,000	85,000	90,000	95,000	100,000
105,000	110,000	115,000	120,000	125,000	130,000	135,000	140,000	145,000	150,000
155,000	160,000	165,000	170,000	175,000	180,000	185,000	190,000	195,000	200,000
205,000	210,000	215,000	220,000	225,000	230,000	235,000	240,000	245,000	250,000
255,000	260,000	265,000	270,000	275,000	280,000	285,000	290,000	295,000	300,000
305,000	310,000	315,000	320,000	325,000	330,000	335,000	340,000	345,000	350,000
355,000	360,000	365,000	370,000	375,000	380,000	385,000	390,000	395,000	400,000
405,000	410,000	415,000	420,000	425,000	430,000	435,000	440,000	445,000	450,000
455,000	460,000	465,000	470,000	475,000	480,000	485,000	490,000	495,000	500,000
505,000	510,000	515,000	520,000	525,000	530,000	535,000	540,000	545,000	550,000
555,000	560,000	565,000	570,000	575,000	580,000	585,000	590,000	595,000	600,000
605,000	610,000	615,000	620,000	625,000	630,000	635,000	640,000	645,000	650,000
655,000	660,000	665,000	670,000	675,000	680,000	685,000	690,000	695,000	700,000
705,000	710,000	715,000	720,000	725,000	730,000	735,000	740,000	745,000	750,000
755,000	760,000	765,000	770,000	775,000	780,000	785,000	790,000	795,000	800,000
805,000	810,000	815,000	820,000	825,000	830,000	835,000	840,000	845,000	850,000
855,000	860,000	865,000	870,000	875,000	880,000	885,000	890,000	895,000	900,000
905,000	910,000	915,000	920,000	925,000	930,000	935,000	940,000	945,000	950,000
955,000	960,000	965,000	970,000	975,000	980,000	985,000	990,000	995,000	1,000,000
1,010,000	1,020,000	1,030,000	1,040,000	1,050,000	1,060,000	1,070,000	1,080,000	1,090,000	1,100,000
1,110,000	1,120,000	1,130,000	1,140,000	1,150,000	1,160,000	1,170,000	1,180,000	1,190,000	1,200,000
1,210,000	1,220,000	1,230,000	1,240,000	1,250,000	1,260,000	1,270,000	1,280,000	1,290,000	1,300,000
1,310,000	1,320,000	1,330,000	1,340,000	1,350,000	1,360,000	1,370,000	1,380,000	1,390,000	1,400,000
1,410,000	1,420,000	1,430,000	1,440,000	1,450,000	1,460,000	1,470,000	1,480,000	1,490,000	1,500,000
1,510,000	1,520,000	1,530,000	1,540,000	1,550,000	1,560,000	1,570,000	1,580,000	1,590,000	1,600,000
1,610,000	1,620,000	1,630,000	1,640,000	1,650,000	1,660,000	1,670,000	1,680,000	1,690,000	1,700,000
1,710,000	1,720,000	1,730,000	1,740,000	1,750,000	1,760,000	1,770,000	1,780,000	1,790,000	1,800,000
1,810,000	1,820,000	1,830,000	1,840,000	1,850,000	1,860,000	1,870,000	1,880,000	1,890,000	1,900,000
1,910,000	1,920,000	1,930,000	1,940,000	1,950,000	1,960,000	1,970,000	1,980,000	1,990,000	2,000,000
2,010,000	2,020,000	2,030,000	2,040,000	2,050,000	2,060,000	2,070,000	2,080,000	2,090,000	2,100,000
2,110,000	2,120,000	2,130,000	2,140,000	2,150,000	2,160,000	2,170,000	2,180,000	2,190,000	2,200,000
2,210,000	2,220,000	2,230,000	2,240,000	2,250,000	2,260,000	2,270,000	2,280,000	2,290,000	2,300,000
2,310,000	2,320,000	2,330,000	2,340,000	2,350,000	2,360,000	2,370,000	2,380,000	2,390,000	2,400,000
2,410,000	2,420,000	2,430,000	2,440,000	2,450,000	2,460,000	2,470,000	2,480,000	2,490,000	2,500,000
2,510,000	2,520,000	2,530,000	2,540,000	2,550,000	2,560,000	2,570,000	2,580,000	2,590,000	2,600,000
2,610,000	2,620,000	2,630,000	2,640,000	2,650,000	2,660,000	2,670,000	2,680,000	2,690,000	2,700,000
2,710,000	2,720,000	2,730,000	2,740,000	2,750,000	2,760,000	2,770,000	2,780,000	2,790,000	2,800,000
2,810,000	2,820,000	2,830,000	2,840,000	2,850,000	2,860,000	2,870,000	2,880,000	2,890,000	2,900,000
2,910,000	2,920,000	2,930,000	2,940,000	2,950,000	2,960,000	2,970,000	2,980,000	2,990,000	3,000,000
3,000,000	3,100,000	3,200,000	3,300,000	3,400,000	3,500,000	3,600,000	3,700,000	3,800,000	3,900,000
4,000,000	4,100,000	4,200,000	4,300,000	4,400,000	4,500,000	4,600,000	4,700,000	4,800,000	4,900,000
5,000,000	5,100,000	5,200,000	5,300,000	5,400,000	5,500,000	5,600,000	5,700,000	5,800,000	5,900,000
6,000,000	6,100,000	6,200,000	6,300,000	6,400,000	6,500,000	6,600,000	6,700,000	6,800,000	6,900,000
7,000,000	7,100,000	7,200,000	7,300,000	7,400,000	7,500,000	7,600,000	7,700,000	7,800,000	7,900,000
8,000,000	8,100,000	8,200,000	8,300,000	8,400,000	8,500,000	8,600,000	8,700,000	8,800,000	8,900,000
9,000,000	9,100,000	9,200,000	9,300,000	9,400,000	9,500,000	9,600,000	9,700,000	9,800,000	9,900,000
10,000,000