Income to Afford a $135,000 House
How much do you need to make to be able to afford a house that costs $135,000?
Purchase price
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Down payment
$
Interest rate
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Pct of income
for housing
for housing
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Term of loan
Results
To afford a house that costs $135,000 with a down payment of $27,000, you'd need to earn $29,256 per year before tax.
The mortgage payment would be $683 / month.
Salary needed for 135,000 dollar mortgage.
Note: This calculator is for fixed-rate mortgages. Adjustable-rate mortgages, or ARMs, may allow you to acheive lower payments in the short term. However, with ARMs, your monthly payment may increase if interest rates rise.
Note: 28% is the standard percentage of pre-tax income to spend on housing.
What is the income needed to buy a $135,000 house?
Annual income needed by down payment and interest rate
| 5.00% | 5.50% | 6.00% | 6.50% | 7.00% | 7.50% | |
|---|---|---|---|---|---|---|
| 0% down | $31,059 | $32,851 | $34,688 | $36,570 | $38,493 | $40,455 |
| 5% down | $29,506 | $31,208 | $32,954 | $34,741 | $36,568 | $38,432 |
| 10% down | $27,953 | $29,566 | $31,219 | $32,913 | $34,643 | $36,409 |
| 15% down | $26,400 | $27,923 | $29,485 | $31,084 | $32,719 | $34,386 |
| 20% down | $24,847 | $26,281 | $27,751 | $29,256 | $30,794 | $32,364 |
| 25% down | $23,294 | $24,638 | $26,016 | $27,427 | $28,869 | $30,341 |
| 30% down | $21,741 | $22,995 | $24,282 | $25,599 | $26,945 | $28,318 |
| 35% down | $20,188 | $21,353 | $22,547 | $23,770 | $25,020 | $26,295 |
| 40% down | $18,635 | $19,710 | $20,813 | $21,942 | $23,096 | $24,273 |
| 45% down | $17,082 | $18,068 | $19,079 | $20,113 | $21,171 | $22,250 |
| 50% down | $15,529 | $16,425 | $17,344 | $18,285 | $19,246 | $20,227 |
Average House Price by State
What's the median price for a home in all 50 states? Source: Zillow, June 2023
| State | Price |
|---|---|
| Hawaii | $837,324 |
| California | $743,362 |
| Massachusetts | $587,875 |
| Washington | $577,353 |
| Colorado | $543,143 |
| Utah | $510,934 |
| Oregon | $498,558 |
| New Jersey | $484,467 |
| New Hampshire | $446,839 |
| Montana | $446,602 |
| Idaho | $442,820 |
| New York | $441,462 |
| Rhode Island | $432,888 |
| Arizona | $420,494 |
| Nevada | $416,340 |
| Maryland | $405,562 |
| Florida | $390,856 |
| State | Price |
|---|---|
| Maine | $383,137 |
| Vermont | $380,266 |
| Connecticut | $374,599 |
| Virginia | $371,623 |
| Delaware | $370,405 |
| Alaska | $351,218 |
| Wyoming | $338,216 |
| Minnesota | $331,190 |
| North Carolina | $320,096 |
| Georgia | $318,919 |
| Tennessee | $311,628 |
| Texas | $303,971 |
| South Dakota | $296,109 |
| New Mexico | $292,822 |
| South Carolina | $288,816 |
| Wisconsin | $285,037 |
| Pennsylvania | $255,965 |
| State | Price |
|---|---|
| Nebraska | $254,916 |
| North Dakota | $251,062 |
| Illinois | $250,542 |
| Missouri | $238,055 |
| Michigan | $235,361 |
| Indiana | $231,660 |
| Alabama | $223,246 |
| Ohio | $218,667 |
| Kansas | $215,642 |
| Iowa | $211,054 |
| Kentucky | $200,955 |
| Louisiana | $200,370 |
| Arkansas | $199,636 |
| Oklahoma | $198,936 |
| Mississippi | $172,654 |
| West Virginia | $155,773 |