Income to Afford a $215,000 House

How much do you need to make to be able to afford a house that costs $215,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $215,000 with a down payment of $43,000, you'd need to earn $32,081 per year before tax.
The monthly mortgage payment would be $749.

Salary needed for 215,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $215,000. 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 $215,000 house?
Down Payment 2.50% 2.75% 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50%
$0 $36,408 $37,617 $38,848 $40,101 $41,376 $42,673 $43,990 $45,329 $46,687
$10,750 $34,587 $35,736 $36,905 $38,096 $39,307 $40,539 $41,791 $43,062 $44,353
$21,500 $32,767 $33,855 $34,963 $36,091 $37,239 $38,406 $39,591 $40,796 $42,019
$32,250 $30,946 $31,974 $33,021 $34,086 $35,170 $36,272 $37,392 $38,529 $39,684
$43,000 $29,126 $30,093 $31,078 $32,081 $33,101 $34,138 $35,192 $36,263 $37,350
$53,750 $27,306 $28,212 $29,136 $30,076 $31,032 $32,005 $32,993 $33,997 $35,016
$64,500 $25,485 $26,332 $27,193 $28,071 $28,963 $29,871 $30,793 $31,730 $32,681
$75,250 $23,665 $24,451 $25,251 $26,066 $26,895 $27,737 $28,594 $29,464 $30,347
$86,000 $21,845 $22,570 $23,309 $24,061 $24,826 $25,604 $26,394 $27,197 $28,012
$96,750 $20,024 $20,689 $21,366 $22,056 $22,757 $23,470 $24,195 $24,931 $25,678
$107,500 $18,204 $18,808 $19,424 $20,051 $20,688 $21,336 $21,995 $22,664 $23,344
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