Income to Afford a $110,000 House

How much do you need to make to be able to afford a house that costs $110,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $110,000 with a down payment of $22,000, you'd need to earn $19,109 per year before tax.
The monthly mortgage payment would be $446.

Salary needed for 110,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $110,000. 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 $110,000 house?
Down Payment 3.75% 4.00% 4.25% 4.50% 4.75% 5.00%
$0 $21,833 $22,507 $23,191 $23,887 $24,592 $25,307
$5,500 $20,741 $21,381 $22,032 $22,692 $23,362 $24,042
$11,000 $19,649 $20,256 $20,872 $21,498 $22,133 $22,777
$16,500 $18,558 $19,131 $19,713 $20,304 $20,903 $21,511
$22,000 $17,466 $18,005 $18,553 $19,109 $19,674 $20,246
$27,500 $16,374 $16,880 $17,394 $17,915 $18,444 $18,980
$33,000 $15,283 $15,755 $16,234 $16,721 $17,214 $17,715
$38,500 $14,191 $14,629 $15,074 $15,526 $15,985 $16,450
$44,000 $13,100 $13,504 $13,915 $14,332 $14,755 $15,184
$49,500 $12,008 $12,379 $12,755 $13,138 $13,526 $13,919
$55,000 $10,916 $11,253 $11,596 $11,943 $12,296 $12,654