Income to Afford a $145,000 House

How much do you need to make to be able to afford a house that costs $145,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $145,000 with a down payment of $29,000, you'd need to earn $21,636 per year before tax.
The monthly mortgage payment would be $505.

Salary needed for 145,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $145,000. 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 $145,000 house?
Down Payment 2.50% 2.75% 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50%
$0 $24,554 $25,369 $26,200 $27,045 $27,905 $28,779 $29,668 $30,571 $31,487
$7,250 $23,326 $24,101 $24,890 $25,693 $26,510 $27,340 $28,185 $29,042 $29,913
$14,500 $22,099 $22,832 $23,580 $24,340 $25,114 $25,901 $26,701 $27,513 $28,338
$21,750 $20,871 $21,564 $22,270 $22,988 $23,719 $24,462 $25,218 $25,985 $26,764
$29,000 $19,643 $20,295 $20,960 $21,636 $22,324 $23,023 $23,734 $24,456 $25,189
$36,250 $18,415 $19,027 $19,650 $20,284 $20,929 $21,584 $22,251 $22,928 $23,615
$43,500 $17,188 $17,758 $18,340 $18,931 $19,533 $20,146 $20,768 $21,399 $22,041
$50,750 $15,960 $16,490 $17,030 $17,579 $18,138 $18,707 $19,284 $19,871 $20,466
$58,000 $14,732 $15,222 $15,720 $16,227 $16,743 $17,268 $17,801 $18,342 $18,892
$65,250 $13,505 $13,953 $14,410 $14,875 $15,348 $15,829 $16,317 $16,814 $17,318
$72,500 $12,277 $12,685 $13,100 $13,522 $13,952 $14,390 $14,834 $15,285 $15,743
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