Income to Afford a $105,000 House

How much do you need to make to be able to afford a house that costs $105,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $105,000 with a down payment of $21,000, you'd need to earn $15,667 per year before tax.
The monthly mortgage payment would be $366.

Salary needed for 105,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $105,000. 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 $105,000 house?
Down Payment 2.50% 2.75% 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50%
$0 $17,780 $18,371 $18,972 $19,584 $20,207 $20,840 $21,484 $22,137 $22,801
$5,250 $16,891 $17,452 $18,024 $18,605 $19,197 $19,798 $20,410 $21,030 $21,661
$10,500 $16,002 $16,534 $17,075 $17,626 $18,186 $18,756 $19,335 $19,924 $20,521
$15,750 $15,113 $15,615 $16,126 $16,647 $17,176 $17,714 $18,261 $18,817 $19,381
$21,000 $14,224 $14,697 $15,178 $15,667 $16,166 $16,672 $17,187 $17,710 $18,241
$26,250 $13,335 $13,778 $14,229 $14,688 $15,155 $15,630 $16,113 $16,603 $17,101
$31,500 $12,446 $12,860 $13,281 $13,709 $14,145 $14,588 $15,039 $15,496 $15,961
$36,750 $11,557 $11,941 $12,332 $12,730 $13,135 $13,546 $13,964 $14,389 $14,821
$42,000 $10,668 $11,023 $11,383 $11,751 $12,124 $12,504 $12,890 $13,282 $13,681
$47,250 $9,779 $10,104 $10,435 $10,771 $11,114 $11,462 $11,816 $12,176 $12,540
$52,500 $8,890 $9,185 $9,486 $9,792 $10,104 $10,420 $10,742 $11,069 $11,400
Average Home Price by State
Source: Zillow.com, December 2020
State Price
Hawaii$673,344
California$617,633
Massachusetts$470,610
Washington$463,856
Colorado$436,751
Oregon$397,363
Utah$395,205
New Jersey$372,870
New York$346,973
Idaho$339,238
Maryland$338,169
Rhode Island$337,100
Nevada$329,465
New Hampshire$326,908
Montana$320,351
Arizona$309,122
Virginia$305,509
Alaska$300,283
Connecticut$285,853
Delaware$281,923
Minnesota$279,516
Vermont$275,472
Maine$272,886
Florida$267,296
Wyoming$261,262
North Dakota$238,112
New Mexico$226,941
South Dakota$224,126
North Carolina$222,909
Texas$222,237
Georgia$221,471
Illinois$218,622
Pennsylvania$213,499
Wisconsin$211,598
Tennessee$205,068
South Carolina$204,967
Nebraska$190,827
Michigan$190,052
Missouri$178,656
Louisiana$178,041
Indiana$171,240
Ohio$166,358
Kansas$166,254
Kentucky$158,685
Iowa$158,239
Alabama$157,366
Arkansas$141,095
Oklahoma$140,511
Mississippi$133,213
West Virginia$113,124