Income to Afford a $100,000 House

How much do you need to make to be able to afford a house that costs $100,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $100,000 with a down payment of $20,000, you'd need to earn $17,372 per year before tax.
The monthly mortgage payment would be $405.

Salary needed for 100,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $100,000. It assumes a fixed-rate mortgage.

A good rule of thumb is to spend no more than 28% of your pre-tax income on your mortgage payment.

What is the income needed to buy a $100,000 house?
Down Payment 3.75% 4.00% 4.25% 4.50% 4.75% 5.00%
$0 $19,848 $20,461 $21,083 $21,715 $22,356 $23,007
$5,000 $18,855 $19,438 $20,029 $20,629 $21,238 $21,856
$10,000 $17,863 $18,415 $18,975 $19,544 $20,121 $20,706
$15,000 $16,871 $17,392 $17,921 $18,458 $19,003 $19,556
$20,000 $15,878 $16,369 $16,867 $17,372 $17,885 $18,405
$25,000 $14,886 $15,345 $15,812 $16,286 $16,767 $17,255
$30,000 $13,893 $14,322 $14,758 $15,201 $15,649 $16,105
$35,000 $12,901 $13,299 $13,704 $14,115 $14,532 $14,954
$40,000 $11,909 $12,276 $12,650 $13,029 $13,414 $13,804
$45,000 $10,916 $11,253 $11,596 $11,943 $12,296 $12,654
$50,000 $9,924 $10,230 $10,542 $10,858 $11,178 $11,503