Income to Afford a $790,000 House

How much do you need to make to be able to afford a house that costs $790,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $790,000 with a down payment of $158,000, you'd need to earn $117,879 per year before tax.
The monthly mortgage payment would be $2,751.

Salary needed for 790,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $790,000. 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 $790,000 house?
Down Payment 2.50% 2.75% 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50%
$0 $133,777 $138,219 $142,743 $147,348 $152,034 $156,798 $161,639 $166,557 $171,549
$39,500 $127,088 $131,308 $135,606 $139,981 $144,432 $148,958 $153,557 $158,229 $162,972
$79,000 $120,399 $124,397 $128,469 $132,614 $136,830 $141,118 $145,475 $149,901 $154,394
$118,500 $113,710 $117,486 $121,332 $125,246 $129,229 $133,278 $137,393 $141,573 $145,817
$158,000 $107,021 $110,575 $114,194 $117,879 $121,627 $125,438 $129,311 $133,245 $137,239
$197,500 $100,332 $103,664 $107,057 $110,511 $114,025 $117,598 $121,229 $124,918 $128,662
$237,000 $93,644 $96,753 $99,920 $103,144 $106,424 $109,758 $113,147 $116,590 $120,084
$276,500 $86,955 $89,842 $92,783 $95,776 $98,822 $101,919 $105,065 $108,262 $111,507
$316,000 $80,266 $82,931 $85,646 $88,409 $91,220 $94,079 $96,984 $99,934 $102,930
$355,500 $73,577 $76,020 $78,509 $81,042 $83,619 $86,239 $88,902 $91,606 $94,352
$395,000 $66,888 $69,109 $71,372 $73,674 $76,017 $78,399 $80,820 $83,278 $85,775
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