Income to Afford a $320,000 House

How much do you need to make to be able to afford a house that costs $320,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $320,000 with a down payment of $64,000, you'd need to earn $55,591 per year before tax.
The monthly mortgage payment would be $1,297.

Salary needed for 320,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $320,000. 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 $320,000 house?
Down Payment 3.75% 4.00% 4.25% 4.50% 4.75% 5.00%
$0 $63,513 $65,474 $67,466 $69,488 $71,540 $73,621
$16,000 $60,337 $62,200 $64,093 $66,014 $67,963 $69,940
$32,000 $57,162 $58,927 $60,719 $62,539 $64,386 $66,259
$48,000 $53,986 $55,653 $57,346 $59,065 $60,809 $62,578
$64,000 $50,810 $52,379 $53,973 $55,591 $57,232 $58,897
$80,000 $47,635 $49,106 $50,600 $52,116 $53,655 $55,216
$96,000 $44,459 $45,832 $47,226 $48,642 $50,078 $51,535
$112,000 $41,283 $42,558 $43,853 $45,167 $46,501 $47,854
$128,000 $38,108 $39,284 $40,480 $41,693 $42,924 $44,173
$144,000 $34,932 $36,011 $37,106 $38,219 $39,347 $40,492
$160,000 $31,756 $32,737 $33,733 $34,744 $35,770 $36,811