Income to Afford a $70,000 House

How much do you need to make to be able to afford a house that costs $70,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $70,000 with a down payment of $14,000, you'd need to earn $12,160 per year before tax.
The monthly mortgage payment would be $284.

Salary needed for 70,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $70,000. 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 $70,000 house?
Down Payment 3.75% 4.00% 4.25% 4.50% 4.75% 5.00%
$0 $13,893 $14,322 $14,758 $15,201 $15,649 $16,105
$3,500 $13,199 $13,606 $14,020 $14,441 $14,867 $15,299
$7,000 $12,504 $12,890 $13,282 $13,681 $14,084 $14,494
$10,500 $11,809 $12,174 $12,544 $12,920 $13,302 $13,689
$14,000 $11,115 $11,458 $11,807 $12,160 $12,520 $12,884
$17,500 $10,420 $10,742 $11,069 $11,400 $11,737 $12,078
$21,000 $9,725 $10,026 $10,331 $10,640 $10,955 $11,273
$24,500 $9,031 $9,310 $9,593 $9,880 $10,172 $10,468
$28,000 $8,336 $8,593 $8,855 $9,120 $9,390 $9,663
$31,500 $7,641 $7,877 $8,117 $8,360 $8,607 $8,858
$35,000 $6,947 $7,161 $7,379 $7,600 $7,825 $8,052