Income to Afford a $345,000 House

How much do you need to make to be able to afford a house that costs $345,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $345,000 with a down payment of $69,000, you'd need to earn $59,934 per year before tax.
The monthly mortgage payment would be $1,398.

Salary needed for 345,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $345,000. 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 $345,000 house?
Down Payment 3.75% 4.00% 4.25% 4.50% 4.75% 5.00%
$0 $68,475 $70,589 $72,737 $74,917 $77,129 $79,373
$17,250 $65,051 $67,060 $69,100 $71,171 $73,273 $75,404
$34,500 $61,627 $63,530 $65,463 $67,425 $69,416 $71,436
$51,750 $58,204 $60,001 $61,826 $63,679 $65,560 $67,467
$69,000 $54,780 $56,471 $58,189 $59,934 $61,703 $63,498
$86,250 $51,356 $52,942 $54,553 $56,188 $57,847 $59,530
$103,500 $47,932 $49,412 $50,916 $52,442 $53,990 $55,561
$120,750 $44,509 $45,883 $47,279 $48,696 $50,134 $51,592
$138,000 $41,085 $42,354 $43,642 $44,950 $46,278 $47,624
$155,250 $37,661 $38,824 $40,005 $41,204 $42,421 $43,655
$172,500 $34,237 $35,295 $36,368 $37,459 $38,565 $39,686