Income to Afford a $600,000 House

How much do you need to make to be able to afford a house that costs $600,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $600,000 with a down payment of $120,000, you'd need to earn $104,232 per year before tax.
The monthly mortgage payment would be $2,432.

Salary needed for 600,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $600,000. 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 $600,000 house?
Down Payment 3.75% 4.00% 4.25% 4.50% 4.75% 5.00%
$0 $119,087 $122,764 $126,499 $130,291 $134,138 $138,040
$30,000 $113,133 $116,626 $120,174 $123,776 $127,431 $131,138
$60,000 $107,178 $110,488 $113,849 $117,261 $120,724 $124,236
$90,000 $101,224 $104,349 $107,524 $110,747 $114,017 $117,334
$120,000 $95,269 $98,211 $101,199 $104,232 $107,310 $110,432
$150,000 $89,315 $92,073 $94,874 $97,718 $100,603 $103,530
$180,000 $83,361 $85,935 $88,549 $91,203 $93,897 $96,628
$210,000 $77,406 $79,797 $82,224 $84,689 $87,190 $89,726
$240,000 $71,452 $73,658 $75,899 $78,174 $80,483 $82,824
$270,000 $65,498 $67,520 $69,574 $71,660 $73,776 $75,922
$300,000 $59,543 $61,382 $63,249 $65,145 $67,069 $69,020