Income to Afford a $520,000 House

How much do you need to make to be able to afford a house that costs $520,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $520,000 with a down payment of $104,000, you'd need to earn $77,591 per year before tax.
The monthly mortgage payment would be $1,810.

Salary needed for 520,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $520,000. 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 $520,000 house?
Down Payment 2.50% 2.75% 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50%
$0 $88,056 $90,979 $93,957 $96,989 $100,073 $103,209 $106,395 $109,632 $112,918
$26,000 $83,653 $86,430 $89,260 $92,139 $95,069 $98,048 $101,076 $104,151 $107,273
$52,000 $79,250 $81,882 $84,562 $87,290 $90,066 $92,888 $95,756 $98,669 $101,627
$78,000 $74,847 $77,333 $79,864 $82,441 $85,062 $87,727 $90,436 $93,187 $95,981
$104,000 $70,444 $72,784 $75,166 $77,591 $80,058 $82,567 $85,116 $87,706 $90,335
$130,000 $66,042 $68,235 $70,468 $72,742 $75,055 $77,406 $79,797 $82,224 $84,689
$156,000 $61,639 $63,686 $65,770 $67,892 $70,051 $72,246 $74,477 $76,743 $79,043
$182,000 $57,236 $59,137 $61,072 $63,043 $65,047 $67,086 $69,157 $71,261 $73,397
$208,000 $52,833 $54,588 $56,374 $58,193 $60,044 $61,925 $63,837 $65,779 $67,751
$234,000 $48,431 $50,039 $51,677 $53,344 $55,040 $56,765 $58,517 $60,298 $62,105
$260,000 $44,028 $45,490 $46,979 $48,494 $50,036 $51,604 $53,198 $54,816 $56,459
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