Income to Afford a $690,000 House

How much do you need to make to be able to afford a house that costs $690,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $690,000 with a down payment of $138,000, you'd need to earn $102,957 per year before tax.
The monthly mortgage payment would be $2,402.

Salary needed for 690,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $690,000. 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 $690,000 house?
Down Payment 2.50% 2.75% 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50%
$0 $116,843 $120,723 $124,674 $128,697 $132,789 $136,950 $141,179 $145,474 $149,834
$34,500 $111,001 $114,687 $118,441 $122,262 $126,149 $130,102 $134,120 $138,200 $142,342
$69,000 $105,159 $108,650 $112,207 $115,827 $119,510 $123,255 $127,061 $130,926 $134,851
$103,500 $99,316 $102,614 $105,973 $109,392 $112,871 $116,407 $120,002 $123,653 $127,359
$138,000 $93,474 $96,578 $99,739 $102,957 $106,231 $109,560 $112,943 $116,379 $119,867
$172,500 $87,632 $90,542 $93,506 $96,523 $99,592 $102,712 $105,884 $109,105 $112,376
$207,000 $81,790 $84,506 $87,272 $90,088 $92,952 $95,865 $98,825 $101,832 $104,884
$241,500 $75,948 $78,470 $81,038 $83,653 $86,313 $89,017 $91,766 $94,558 $97,392
$276,000 $70,106 $72,434 $74,805 $77,218 $79,673 $82,170 $84,707 $87,284 $89,900
$310,500 $64,264 $66,398 $68,571 $70,783 $73,034 $75,322 $77,648 $80,011 $82,409
$345,000 $58,421 $60,361 $62,337 $64,348 $66,394 $68,475 $70,589 $72,737 $74,917
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