Income to Afford a $25,000 House

How much do you need to make to be able to afford a house that costs $25,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $25,000 with a down payment of $5,000, you'd need to earn $4,343 per year before tax.
The monthly mortgage payment would be $101.

Salary needed for 25,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $25,000. 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 $25,000 house?
Down Payment 3.75% 4.00% 4.25% 4.50% 4.75% 5.00%
$0 $4,962 $5,115 $5,271 $5,429 $5,589 $5,752
$1,250 $4,714 $4,859 $5,007 $5,157 $5,310 $5,464
$2,500 $4,466 $4,604 $4,744 $4,886 $5,030 $5,176
$3,750 $4,218 $4,348 $4,480 $4,614 $4,751 $4,889
$5,000 $3,970 $4,092 $4,217 $4,343 $4,471 $4,601
$6,250 $3,721 $3,836 $3,953 $4,072 $4,192 $4,314
$7,500 $3,473 $3,581 $3,690 $3,800 $3,912 $4,026
$8,750 $3,225 $3,325 $3,426 $3,529 $3,633 $3,739
$10,000 $2,977 $3,069 $3,162 $3,257 $3,353 $3,451
$11,250 $2,729 $2,813 $2,899 $2,986 $3,074 $3,163
$12,500 $2,481 $2,558 $2,635 $2,714 $2,795 $2,876