Income to Afford a $355,000 House

How much do you need to make to be able to afford a house that costs $355,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $355,000 with a down payment of $71,000, you'd need to earn $61,671 per year before tax.
The monthly mortgage payment would be $1,439.

Salary needed for 355,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $355,000. 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 $355,000 house?
Down Payment 3.75% 4.00% 4.25% 4.50% 4.75% 5.00%
$0 $70,460 $72,635 $74,845 $77,089 $79,365 $81,674
$17,750 $66,937 $69,004 $71,103 $73,234 $75,397 $77,590
$35,500 $63,414 $65,372 $67,361 $69,380 $71,428 $73,506
$53,250 $59,891 $61,740 $63,618 $65,525 $67,460 $69,423
$71,000 $56,368 $58,108 $59,876 $61,671 $63,492 $65,339
$88,750 $52,845 $54,476 $56,134 $57,816 $59,524 $61,255
$106,500 $49,322 $50,845 $52,392 $53,962 $55,555 $57,172
$124,250 $45,799 $47,213 $48,649 $50,108 $51,587 $53,088
$142,000 $42,276 $43,581 $44,907 $46,253 $47,619 $49,004
$159,750 $38,753 $39,949 $41,165 $42,399 $43,651 $44,920
$177,500 $35,230 $36,318 $37,423 $38,544 $39,682 $40,837