Income to Afford a $130,000 House

How much do you need to make to be able to afford a house that costs $130,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $130,000 with a down payment of $26,000, you'd need to earn $19,398 per year before tax.
The monthly mortgage payment would be $453.

Salary needed for 130,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $130,000. 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 $130,000 house?
Down Payment 2.50% 2.75% 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50%
$0 $22,014 $22,745 $23,489 $24,247 $25,018 $25,802 $26,599 $27,408 $28,230
$6,500 $20,913 $21,608 $22,315 $23,035 $23,767 $24,512 $25,269 $26,038 $26,818
$13,000 $19,812 $20,470 $21,140 $21,822 $22,516 $23,222 $23,939 $24,667 $25,407
$19,500 $18,712 $19,333 $19,966 $20,610 $21,265 $21,932 $22,609 $23,297 $23,995
$26,000 $17,611 $18,196 $18,791 $19,398 $20,015 $20,642 $21,279 $21,926 $22,584
$32,500 $16,510 $17,059 $17,617 $18,185 $18,764 $19,352 $19,949 $20,556 $21,172
$39,000 $15,410 $15,921 $16,443 $16,973 $17,513 $18,062 $18,619 $19,186 $19,761
$45,500 $14,309 $14,784 $15,268 $15,761 $16,262 $16,771 $17,289 $17,815 $18,349
$52,000 $13,208 $13,647 $14,094 $14,548 $15,011 $15,481 $15,959 $16,445 $16,938
$58,500 $12,108 $12,510 $12,919 $13,336 $13,760 $14,191 $14,629 $15,074 $15,526
$65,000 $11,007 $11,372 $11,745 $12,124 $12,509 $12,901 $13,299 $13,704 $14,115
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