Income to Afford a $300,000 House

How much do you need to make to be able to afford a house that costs $300,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $300,000 with a down payment of $60,000, you'd need to earn $52,116 per year before tax.
The monthly mortgage payment would be $1,216.

Salary needed for 300,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $300,000. 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 $300,000 house?
Down Payment 3.75% 4.00% 4.25% 4.50% 4.75% 5.00%
$0 $59,543 $61,382 $63,249 $65,145 $67,069 $69,020
$15,000 $56,566 $58,313 $60,087 $61,888 $63,715 $65,569
$30,000 $53,589 $55,244 $56,924 $58,631 $60,362 $62,118
$45,000 $50,612 $52,175 $53,762 $55,373 $57,009 $58,667
$60,000 $47,635 $49,106 $50,600 $52,116 $53,655 $55,216
$75,000 $44,658 $46,036 $47,437 $48,859 $50,302 $51,765
$90,000 $41,680 $42,967 $44,275 $45,602 $46,948 $48,314
$105,000 $38,703 $39,898 $41,112 $42,344 $43,595 $44,863
$120,000 $35,726 $36,829 $37,950 $39,087 $40,241 $41,412
$135,000 $32,749 $33,760 $34,787 $35,830 $36,888 $37,961
$150,000 $29,772 $30,691 $31,625 $32,573 $33,534 $34,510