Income to Afford a $490,000 House

How much do you need to make to be able to afford a house that costs $490,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $490,000 with a down payment of $98,000, you'd need to earn $85,123 per year before tax.
The monthly mortgage payment would be $1,986.

Salary needed for 490,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $490,000. 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 $490,000 house?
Down Payment 3.75% 4.00% 4.25% 4.50% 4.75% 5.00%
$0 $97,254 $100,257 $103,307 $106,404 $109,546 $112,733
$24,500 $92,392 $95,244 $98,142 $101,084 $104,069 $107,096
$49,000 $87,529 $90,231 $92,977 $95,764 $98,591 $101,459
$73,500 $82,666 $85,219 $87,811 $90,443 $93,114 $95,823
$98,000 $77,803 $80,206 $82,646 $85,123 $87,637 $90,186
$122,500 $72,941 $75,193 $77,481 $79,803 $82,159 $84,549
$147,000 $68,078 $70,180 $72,315 $74,483 $76,682 $78,913
$171,500 $63,215 $65,167 $67,150 $69,163 $71,205 $73,276
$196,000 $58,353 $60,154 $61,984 $63,842 $65,728 $67,640
$220,500 $53,490 $55,141 $56,819 $58,522 $60,250 $62,003
$245,000 $48,627 $50,129 $51,654 $53,202 $54,773 $56,366