Income to Afford a $400,000 House

How much do you need to make to be able to afford a house that costs $400,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $400,000 with a down payment of $80,000, you'd need to earn $69,488 per year before tax.
The monthly mortgage payment would be $1,621.

Salary needed for 400,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $400,000. 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 $400,000 house?
Down Payment 3.75% 4.00% 4.25% 4.50% 4.75% 5.00%
$0 $79,391 $81,843 $84,333 $86,860 $89,425 $92,027
$20,000 $75,422 $77,750 $80,116 $82,517 $84,954 $87,425
$40,000 $71,452 $73,658 $75,899 $78,174 $80,483 $82,824
$60,000 $67,483 $69,566 $71,683 $73,831 $76,011 $78,223
$80,000 $63,513 $65,474 $67,466 $69,488 $71,540 $73,621
$100,000 $59,543 $61,382 $63,249 $65,145 $67,069 $69,020
$120,000 $55,574 $57,290 $59,033 $60,802 $62,598 $64,419
$140,000 $51,604 $53,198 $54,816 $56,459 $58,126 $59,817
$160,000 $47,635 $49,106 $50,600 $52,116 $53,655 $55,216
$180,000 $43,665 $45,013 $46,383 $47,773 $49,184 $50,615
$200,000 $39,696 $40,921 $42,166 $43,430 $44,713 $46,013