Income to Afford a $350,000 House

How much do you need to make to be able to afford a house that costs $350,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $350,000 with a down payment of $70,000, you'd need to earn $60,802 per year before tax.
The monthly mortgage payment would be $1,419.

Salary needed for 350,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $350,000. 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 $350,000 house?
Down Payment 3.75% 4.00% 4.25% 4.50% 4.75% 5.00%
$0 $69,467 $71,612 $73,791 $76,003 $78,247 $80,523
$17,500 $65,994 $68,032 $70,101 $72,203 $74,335 $76,497
$35,000 $62,521 $64,451 $66,412 $68,403 $70,422 $72,471
$52,500 $59,047 $60,870 $62,722 $64,602 $66,510 $68,445
$70,000 $55,574 $57,290 $59,033 $60,802 $62,598 $64,419
$87,500 $52,101 $53,709 $55,343 $57,002 $58,685 $60,392
$105,000 $48,627 $50,129 $51,654 $53,202 $54,773 $56,366
$122,500 $45,154 $46,548 $47,964 $49,402 $50,861 $52,340
$140,000 $41,680 $42,967 $44,275 $45,602 $46,948 $48,314
$157,500 $38,207 $39,387 $40,585 $41,802 $43,036 $44,288
$175,000 $34,734 $35,806 $36,895 $38,001 $39,124 $40,262