Income to Afford a $50,000 House

How much do you need to make to be able to afford a house that costs $50,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $50,000 with a down payment of $10,000, you'd need to earn $8,686 per year before tax.
The monthly mortgage payment would be $203.

Salary needed for 50,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $50,000. 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 $50,000 house?
Down Payment 3.75% 4.00% 4.25% 4.50% 4.75% 5.00%
$0 $9,924 $10,230 $10,542 $10,858 $11,178 $11,503
$2,500 $9,428 $9,719 $10,014 $10,315 $10,619 $10,928
$5,000 $8,932 $9,207 $9,487 $9,772 $10,060 $10,353
$7,500 $8,435 $8,696 $8,960 $9,229 $9,501 $9,778
$10,000 $7,939 $8,184 $8,433 $8,686 $8,943 $9,203
$12,500 $7,443 $7,673 $7,906 $8,143 $8,384 $8,627
$15,000 $6,947 $7,161 $7,379 $7,600 $7,825 $8,052
$17,500 $6,451 $6,650 $6,852 $7,057 $7,266 $7,477
$20,000 $5,954 $6,138 $6,325 $6,515 $6,707 $6,902
$22,500 $5,458 $5,627 $5,798 $5,972 $6,148 $6,327
$25,000 $4,962 $5,115 $5,271 $5,429 $5,589 $5,752