Income to Afford a $190,000 House

How much do you need to make to be able to afford a house that costs $190,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $190,000 with a down payment of $38,000, you'd need to earn $28,351 per year before tax.
The monthly mortgage payment would be $662.

Salary needed for 190,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $190,000. 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 $190,000 house?
Down Payment 2.50% 2.75% 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50%
$0 $32,174 $33,242 $34,331 $35,438 $36,565 $37,711 $38,875 $40,058 $41,259
$9,500 $30,565 $31,580 $32,614 $33,666 $34,737 $35,825 $36,931 $38,055 $39,196
$19,000 $28,957 $29,918 $30,898 $31,894 $32,909 $33,940 $34,988 $36,052 $37,133
$28,500 $27,348 $28,256 $29,181 $30,122 $31,080 $32,054 $33,044 $34,049 $35,070
$38,000 $25,739 $26,594 $27,464 $28,351 $29,252 $30,169 $31,100 $32,046 $33,007
$47,500 $24,131 $24,932 $25,748 $26,579 $27,424 $28,283 $29,156 $30,043 $30,944
$57,000 $22,522 $23,270 $24,031 $24,807 $25,596 $26,398 $27,213 $28,041 $28,881
$66,500 $20,913 $21,608 $22,315 $23,035 $23,767 $24,512 $25,269 $26,038 $26,818
$76,000 $19,304 $19,945 $20,598 $21,263 $21,939 $22,627 $23,325 $24,035 $24,755
$85,500 $17,696 $18,283 $18,882 $19,491 $20,111 $20,741 $21,381 $22,032 $22,692
$95,000 $16,087 $16,621 $17,165 $17,719 $18,283 $18,855 $19,438 $20,029 $20,629
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