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?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $150,000 with a down payment of $30,000, you'd need to earn $26,058 per year before tax.
The monthly mortgage payment would be $608.

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 3.75% 4.00% 4.25% 4.50% 4.75% 5.00%
$0 $29,772 $30,691 $31,625 $32,573 $33,534 $34,510
$7,500 $28,283 $29,156 $30,043 $30,944 $31,858 $32,784
$15,000 $26,795 $27,622 $28,462 $29,315 $30,181 $31,059
$22,500 $25,306 $26,087 $26,881 $27,687 $28,504 $29,333
$30,000 $23,817 $24,553 $25,300 $26,058 $26,828 $27,608
$37,500 $22,329 $23,018 $23,719 $24,429 $25,151 $25,882
$45,000 $20,840 $21,484 $22,137 $22,801 $23,474 $24,157
$52,500 $19,352 $19,949 $20,556 $21,172 $21,797 $22,431
$60,000 $17,863 $18,415 $18,975 $19,544 $20,121 $20,706
$67,500 $16,374 $16,880 $17,394 $17,915 $18,444 $18,980
$75,000 $14,886 $15,345 $15,812 $16,286 $16,767 $17,255