Income to Afford a $390,000 House

How much do you need to make to be able to afford a house that costs $390,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $390,000 with a down payment of $78,000, you'd need to earn $58,193 per year before tax.
The monthly mortgage payment would be $1,358.

Salary needed for 390,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $390,000. 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 $390,000 house?
Down Payment 2.50% 2.75% 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50%
$0 $66,042 $68,235 $70,468 $72,742 $75,055 $77,406 $79,797 $82,224 $84,689
$19,500 $62,740 $64,823 $66,945 $69,105 $71,302 $73,536 $75,807 $78,113 $80,454
$39,000 $59,437 $61,411 $63,421 $65,467 $67,549 $69,666 $71,817 $74,002 $76,220
$58,500 $56,135 $57,999 $59,898 $61,830 $63,796 $65,795 $67,827 $69,891 $71,986
$78,000 $52,833 $54,588 $56,374 $58,193 $60,044 $61,925 $63,837 $65,779 $67,751
$97,500 $49,531 $51,176 $52,851 $54,556 $56,291 $58,055 $59,847 $61,668 $63,517
$117,000 $46,229 $47,764 $49,328 $50,919 $52,538 $54,185 $55,858 $57,557 $59,282
$136,500 $42,927 $44,352 $45,804 $47,282 $48,785 $50,314 $51,868 $53,446 $55,048
$156,000 $39,625 $40,941 $42,281 $43,645 $45,033 $46,444 $47,878 $49,335 $50,813
$175,500 $36,323 $37,529 $38,757 $40,008 $41,280 $42,574 $43,888 $45,223 $46,579
$195,000 $33,021 $34,117 $35,234 $36,371 $37,527 $38,703 $39,898 $41,112 $42,344
Average Home Price by State
Source: Zillow.com, December 2020
State Price
Hawaii$673,344
California$617,633
Massachusetts$470,610
Washington$463,856
Colorado$436,751
Oregon$397,363
Utah$395,205
New Jersey$372,870
New York$346,973
Idaho$339,238
Maryland$338,169
Rhode Island$337,100
Nevada$329,465
New Hampshire$326,908
Montana$320,351
Arizona$309,122
Virginia$305,509
Alaska$300,283
Connecticut$285,853
Delaware$281,923
Minnesota$279,516
Vermont$275,472
Maine$272,886
Florida$267,296
Wyoming$261,262
North Dakota$238,112
New Mexico$226,941
South Dakota$224,126
North Carolina$222,909
Texas$222,237
Georgia$221,471
Illinois$218,622
Pennsylvania$213,499
Wisconsin$211,598
Tennessee$205,068
South Carolina$204,967
Nebraska$190,827
Michigan$190,052
Missouri$178,656
Louisiana$178,041
Indiana$171,240
Ohio$166,358
Kansas$166,254
Kentucky$158,685
Iowa$158,239
Alabama$157,366
Arkansas$141,095
Oklahoma$140,511
Mississippi$133,213
West Virginia$113,124