Income to Afford a $150,000 House

How much do you need to make to be able to afford a house that costs $150,000?

To afford a house that costs $150,000 with a down payment of $30,000, you'd need to earn $22,382 per year before tax.

The monthly mortgage payment would be $522.

Salary needed for 150,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $150,000. 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 $150,000 house?

Down Payment	2.50%	2.75%	3.00%	3.25%	3.50%	3.75%	4.00%	4.25%	4.50%
$0	$25,401	$26,244	$27,103	$27,978	$28,867	$29,772	$30,691	$31,625	$32,573
$7,500	$24,131	$24,932	$25,748	$26,579	$27,424	$28,283	$29,156	$30,043	$30,944
$15,000	$22,861	$23,620	$24,393	$25,180	$25,980	$26,795	$27,622	$28,462	$29,315
$22,500	$21,591	$22,307	$23,038	$23,781	$24,537	$25,306	$26,087	$26,881	$27,687
$30,000	$20,321	$20,995	$21,682	$22,382	$23,094	$23,817	$24,553	$25,300	$26,058
$37,500	$19,050	$19,683	$20,327	$20,983	$21,650	$22,329	$23,018	$23,719	$24,429
$45,000	$17,780	$18,371	$18,972	$19,584	$20,207	$20,840	$21,484	$22,137	$22,801
$52,500	$16,510	$17,059	$17,617	$18,185	$18,764	$19,352	$19,949	$20,556	$21,172
$60,000	$15,240	$15,746	$16,262	$16,787	$17,320	$17,863	$18,415	$18,975	$19,544
$67,500	$13,970	$14,434	$14,907	$15,388	$15,877	$16,374	$16,880	$17,394	$17,915
$75,000	$12,700	$13,122	$13,552	$13,989	$14,434	$14,886	$15,345	$15,812	$16,286

Average Home Price by State

Source: Zillow.com, December 2020