Income to Afford a $420,000 House

How much do you need to make to be able to afford a house that costs $420,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $420,000 with a down payment of $84,000, you'd need to earn $72,963 per year before tax.
The monthly mortgage payment would be $1,702.

Salary needed for 420,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $420,000. 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 $420,000 house?
Down Payment 3.75% 4.00% 4.25% 4.50% 4.75% 5.00%
$0 $83,361 $85,935 $88,549 $91,203 $93,897 $96,628
$21,000 $79,193 $81,638 $84,122 $86,643 $89,202 $91,796
$42,000 $75,025 $77,341 $79,694 $82,083 $84,507 $86,965
$63,000 $70,857 $73,045 $75,267 $77,523 $79,812 $82,134
$84,000 $66,689 $68,748 $70,839 $72,963 $75,117 $77,302
$105,000 $62,521 $64,451 $66,412 $68,403 $70,422 $72,471
$126,000 $58,353 $60,154 $61,984 $63,842 $65,728 $67,640
$147,000 $54,185 $55,858 $57,557 $59,282 $61,033 $62,808
$168,000 $50,016 $51,561 $53,130 $54,722 $56,338 $57,977
$189,000 $45,848 $47,264 $48,702 $50,162 $51,643 $53,145
$210,000 $41,680 $42,967 $44,275 $45,602 $46,948 $48,314