Income to Afford a $745,000 House

How much do you need to make to be able to afford a house that costs $745,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $745,000 with a down payment of $149,000, you'd need to earn $111,164 per year before tax.
The monthly mortgage payment would be $2,594.

Salary needed for 745,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $745,000. 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 $745,000 house?
Down Payment 2.50% 2.75% 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50%
$0 $126,156 $130,346 $134,612 $138,955 $143,374 $147,866 $152,432 $157,069 $161,777
$37,250 $119,849 $123,828 $127,882 $132,007 $136,205 $140,473 $144,810 $149,216 $153,689
$74,500 $113,541 $117,311 $121,151 $125,060 $129,036 $133,080 $137,189 $141,362 $145,600
$111,750 $107,233 $110,794 $114,420 $118,112 $121,868 $125,686 $129,567 $133,509 $137,511
$149,000 $100,925 $104,276 $107,690 $111,164 $114,699 $118,293 $121,946 $125,656 $129,422
$186,250 $94,617 $97,759 $100,959 $104,216 $107,530 $110,900 $114,324 $117,802 $121,333
$223,500 $88,310 $91,242 $94,229 $97,269 $100,361 $103,506 $106,702 $109,949 $113,244
$260,750 $82,002 $84,725 $87,498 $90,321 $93,193 $96,113 $99,081 $102,095 $105,155
$298,000 $75,694 $78,207 $80,767 $83,373 $86,024 $88,720 $91,459 $94,242 $97,066
$335,250 $69,386 $71,690 $74,037 $76,425 $78,855 $81,326 $83,838 $86,388 $88,978
$372,500 $63,078 $65,173 $67,306 $69,478 $71,687 $73,933 $76,216 $78,535 $80,889
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