Income to Afford a $250,000 House

How much do you need to make to be able to afford a house that costs $250,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $250,000 with a down payment of $50,000, you'd need to earn $43,430 per year before tax.
The monthly mortgage payment would be $1,013.

Salary needed for 250,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $250,000. 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 $250,000 house?
Down Payment 3.75% 4.00% 4.25% 4.50% 4.75% 5.00%
$0 $49,620 $51,152 $52,708 $54,288 $55,891 $57,517
$12,500 $47,139 $48,594 $50,072 $51,573 $53,096 $54,641
$25,000 $44,658 $46,036 $47,437 $48,859 $50,302 $51,765
$37,500 $42,177 $43,479 $44,802 $46,145 $47,507 $48,889
$50,000 $39,696 $40,921 $42,166 $43,430 $44,713 $46,013
$62,500 $37,215 $38,364 $39,531 $40,716 $41,918 $43,137
$75,000 $34,734 $35,806 $36,895 $38,001 $39,124 $40,262
$87,500 $32,253 $33,249 $34,260 $35,287 $36,329 $37,386
$100,000 $29,772 $30,691 $31,625 $32,573 $33,534 $34,510
$112,500 $27,291 $28,133 $28,989 $29,858 $30,740 $31,634
$125,000 $24,810 $25,576 $26,354 $27,144 $27,945 $28,758