Income to Afford a $230,000 House

How much do you need to make to be able to afford a house that costs $230,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $230,000 with a down payment of $46,000, you'd need to earn $39,956 per year before tax.
The monthly mortgage payment would be $932.

Salary needed for 230,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $230,000. 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 $230,000 house?
Down Payment 3.75% 4.00% 4.25% 4.50% 4.75% 5.00%
$0 $45,650 $47,060 $48,491 $49,945 $51,420 $52,915
$11,500 $43,367 $44,707 $46,067 $47,447 $48,849 $50,270
$23,000 $41,085 $42,354 $43,642 $44,950 $46,278 $47,624
$34,500 $38,802 $40,001 $41,218 $42,453 $43,707 $44,978
$46,000 $36,520 $37,648 $38,793 $39,956 $41,136 $42,332
$57,500 $34,237 $35,295 $36,368 $37,459 $38,565 $39,686
$69,000 $31,955 $32,942 $33,944 $34,961 $35,994 $37,041
$80,500 $29,672 $30,589 $31,519 $32,464 $33,423 $34,395
$92,000 $27,390 $28,236 $29,095 $29,967 $30,852 $31,749
$103,500 $25,107 $25,883 $26,670 $27,470 $28,281 $29,103
$115,000 $22,825 $23,530 $24,246 $24,972 $25,710 $26,458