Income to Afford a $340,000 House

How much do you need to make to be able to afford a house that costs $340,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $340,000 with a down payment of $68,000, you'd need to earn $59,065 per year before tax.
The monthly mortgage payment would be $1,378.

Salary needed for 340,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $340,000. 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 $340,000 house?
Down Payment 3.75% 4.00% 4.25% 4.50% 4.75% 5.00%
$0 $67,483 $69,566 $71,683 $73,831 $76,011 $78,223
$17,000 $64,108 $66,088 $68,099 $70,140 $72,211 $74,311
$34,000 $60,734 $62,610 $64,514 $66,448 $68,410 $70,400
$51,000 $57,360 $59,131 $60,930 $62,757 $64,610 $66,489
$68,000 $53,986 $55,653 $57,346 $59,065 $60,809 $62,578
$85,000 $50,612 $52,175 $53,762 $55,373 $57,009 $58,667
$102,000 $47,238 $48,696 $50,178 $51,682 $53,208 $54,756
$119,000 $43,864 $45,218 $46,594 $47,990 $49,407 $50,845
$136,000 $40,490 $41,740 $43,010 $44,299 $45,607 $46,934
$153,000 $37,115 $38,261 $39,425 $40,607 $41,806 $43,022
$170,000 $33,741 $34,783 $35,841 $36,916 $38,006 $39,111