Income to Afford a $670,000 House

How much do you need to make to be able to afford a house that costs $670,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $670,000 with a down payment of $134,000, you'd need to earn $99,973 per year before tax.
The monthly mortgage payment would be $2,333.

Salary needed for 670,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $670,000. 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 $670,000 house?
Down Payment 2.50% 2.75% 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50%
$0 $113,456 $117,224 $121,061 $124,966 $128,940 $132,980 $137,086 $141,257 $145,491
$33,500 $107,783 $111,362 $115,008 $118,718 $122,493 $126,331 $130,232 $134,194 $138,217
$67,000 $102,111 $105,501 $108,955 $112,470 $116,046 $119,682 $123,378 $127,131 $130,942
$100,500 $96,438 $99,640 $102,901 $106,221 $109,599 $113,033 $116,523 $120,068 $123,667
$134,000 $90,765 $93,779 $96,848 $99,973 $103,152 $106,384 $109,669 $113,006 $116,393
$167,500 $85,092 $87,918 $90,795 $93,725 $96,705 $99,735 $102,815 $105,943 $109,118
$201,000 $79,419 $82,056 $84,742 $87,476 $90,258 $93,086 $95,960 $98,880 $101,844
$234,500 $73,746 $76,195 $78,689 $81,228 $83,811 $86,437 $89,106 $91,817 $94,569
$268,000 $68,074 $70,334 $72,636 $74,980 $77,364 $79,788 $82,252 $84,754 $87,295
$301,500 $62,401 $64,473 $66,583 $68,732 $70,917 $73,139 $75,398 $77,691 $80,020
$335,000 $56,728 $58,612 $60,530 $62,483 $64,470 $66,490 $68,543 $70,629 $72,746
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