Income to Afford a $125,000 House

How much do you need to make to be able to afford a house that costs $125,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $125,000 with a down payment of $25,000, you'd need to earn $18,652 per year before tax.
The monthly mortgage payment would be $435.

Salary needed for 125,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $125,000. 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 $125,000 house?
Down Payment 2.50% 2.75% 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50%
$0 $21,167 $21,870 $22,586 $23,315 $24,056 $24,810 $25,576 $26,354 $27,144
$6,250 $20,109 $20,777 $21,457 $22,149 $22,853 $23,569 $24,297 $25,036 $25,787
$12,500 $19,050 $19,683 $20,327 $20,983 $21,650 $22,329 $23,018 $23,719 $24,429
$18,750 $17,992 $18,590 $19,198 $19,817 $20,448 $21,088 $21,739 $22,401 $23,072
$25,000 $16,934 $17,496 $18,069 $18,652 $19,245 $19,848 $20,461 $21,083 $21,715
$31,250 $15,875 $16,403 $16,939 $17,486 $18,042 $18,607 $19,182 $19,765 $20,358
$37,500 $14,817 $15,309 $15,810 $16,320 $16,839 $17,367 $17,903 $18,448 $19,001
$43,750 $13,759 $14,216 $14,681 $15,155 $15,636 $16,126 $16,624 $17,130 $17,644
$50,000 $12,700 $13,122 $13,552 $13,989 $14,434 $14,886 $15,345 $15,812 $16,286
$56,250 $11,642 $12,029 $12,422 $12,823 $13,231 $13,645 $14,067 $14,495 $14,929
$62,500 $10,584 $10,935 $11,293 $11,657 $12,028 $12,405 $12,788 $13,177 $13,572
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