Income to Afford a $225,000 House

How much do you need to make to be able to afford a house that costs $225,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $225,000 with a down payment of $45,000, you'd need to earn $39,087 per year before tax.
The monthly mortgage payment would be $912.

Salary needed for 225,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $225,000. 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 $225,000 house?
Down Payment 3.75% 4.00% 4.25% 4.50% 4.75% 5.00%
$0 $44,658 $46,036 $47,437 $48,859 $50,302 $51,765
$11,250 $42,425 $43,735 $45,065 $46,416 $47,787 $49,177
$22,500 $40,192 $41,433 $42,693 $43,973 $45,272 $46,588
$33,750 $37,959 $39,131 $40,322 $41,530 $42,756 $44,000
$45,000 $35,726 $36,829 $37,950 $39,087 $40,241 $41,412
$56,250 $33,493 $34,527 $35,578 $36,644 $37,726 $38,824
$67,500 $31,260 $32,226 $33,206 $34,201 $35,211 $36,235
$78,750 $29,027 $29,924 $30,834 $31,758 $32,696 $33,647
$90,000 $26,795 $27,622 $28,462 $29,315 $30,181 $31,059
$101,250 $24,562 $25,320 $26,090 $26,872 $27,666 $28,471
$112,500 $22,329 $23,018 $23,719 $24,429 $25,151 $25,882