Income to Afford a $385,000 House

How much do you need to make to be able to afford a house that costs $385,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $385,000 with a down payment of $77,000, you'd need to earn $66,882 per year before tax.
The monthly mortgage payment would be $1,561.

Salary needed for 385,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $385,000. 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 $385,000 house?
Down Payment 3.75% 4.00% 4.25% 4.50% 4.75% 5.00%
$0 $76,414 $78,774 $81,170 $83,603 $86,072 $88,576
$19,250 $72,593 $74,835 $77,112 $79,423 $81,768 $84,147
$38,500 $68,773 $70,896 $73,053 $75,243 $77,465 $79,718
$57,750 $64,952 $66,957 $68,995 $71,063 $73,161 $75,289
$77,000 $61,131 $63,019 $64,936 $66,882 $68,857 $70,860
$96,250 $57,311 $59,080 $60,878 $62,702 $64,554 $66,432
$115,500 $53,490 $55,141 $56,819 $58,522 $60,250 $62,003
$134,750 $49,669 $51,203 $52,761 $54,342 $55,947 $57,574
$154,000 $45,848 $47,264 $48,702 $50,162 $51,643 $53,145
$173,250 $42,028 $43,325 $44,644 $45,982 $47,339 $48,717
$192,500 $38,207 $39,387 $40,585 $41,802 $43,036 $44,288