Income to Afford a $45,000 House

How much do you need to make to be able to afford a house that costs $45,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $45,000 with a down payment of $9,000, you'd need to earn $6,715 per year before tax.
The monthly mortgage payment would be $157.

Salary needed for 45,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $45,000. 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 $45,000 house?
Down Payment 2.50% 2.75% 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50%
$0 $7,620 $7,873 $8,131 $8,393 $8,660 $8,932 $9,207 $9,487 $9,772
$2,250 $7,239 $7,480 $7,724 $7,974 $8,227 $8,485 $8,747 $9,013 $9,283
$4,500 $6,858 $7,086 $7,318 $7,554 $7,794 $8,038 $8,287 $8,539 $8,795
$6,750 $6,477 $6,692 $6,911 $7,134 $7,361 $7,592 $7,826 $8,064 $8,306
$9,000 $6,096 $6,299 $6,505 $6,715 $6,928 $7,145 $7,366 $7,590 $7,817
$11,250 $5,715 $5,905 $6,098 $6,295 $6,495 $6,699 $6,905 $7,116 $7,329
$13,500 $5,334 $5,511 $5,692 $5,875 $6,062 $6,252 $6,445 $6,641 $6,840
$15,750 $4,953 $5,118 $5,285 $5,456 $5,629 $5,805 $5,985 $6,167 $6,352
$18,000 $4,572 $4,724 $4,879 $5,036 $5,196 $5,359 $5,524 $5,692 $5,863
$20,250 $4,191 $4,330 $4,472 $4,616 $4,763 $4,912 $5,064 $5,218 $5,374
$22,500 $3,810 $3,937 $4,065 $4,197 $4,330 $4,466 $4,604 $4,744 $4,886
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