Income to Afford a $75,000 House

How much do you need to make to be able to afford a house that costs $75,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $75,000 with a down payment of $15,000, you'd need to earn $13,029 per year before tax.
The monthly mortgage payment would be $304.

Salary needed for 75,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $75,000. 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 $75,000 house?
Down Payment 3.75% 4.00% 4.25% 4.50% 4.75% 5.00%
$0 $14,886 $15,345 $15,812 $16,286 $16,767 $17,255
$3,750 $14,142 $14,578 $15,022 $15,472 $15,929 $16,392
$7,500 $13,397 $13,811 $14,231 $14,658 $15,091 $15,529
$11,250 $12,653 $13,044 $13,441 $13,843 $14,252 $14,667
$15,000 $11,909 $12,276 $12,650 $13,029 $13,414 $13,804
$18,750 $11,164 $11,509 $11,859 $12,215 $12,575 $12,941
$22,500 $10,420 $10,742 $11,069 $11,400 $11,737 $12,078
$26,250 $9,676 $9,975 $10,278 $10,586 $10,899 $11,216
$30,000 $8,932 $9,207 $9,487 $9,772 $10,060 $10,353
$33,750 $8,187 $8,440 $8,697 $8,957 $9,222 $9,490
$37,500 $7,443 $7,673 $7,906 $8,143 $8,384 $8,627