Income to Afford a $800,000 House

How much do you need to make to be able to afford a house that costs $800,000?

To afford a house that costs $800,000 with a down payment of $160,000, you'd need to earn $119,371 per year before tax.

The monthly mortgage payment would be $2,785.

Salary needed for 800,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $800,000. 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 $800,000 house?

Down Payment	2.50%	2.75%	3.00%	3.25%	3.50%	3.75%	4.00%	4.25%	4.50%
$0	$135,470	$139,968	$144,550	$149,214	$153,958	$158,782	$163,685	$168,665	$173,721
$40,000	$128,697	$132,970	$137,322	$141,753	$146,260	$150,843	$155,501	$160,232	$165,035
$80,000	$121,923	$125,972	$130,095	$134,292	$138,562	$142,904	$147,317	$151,799	$156,349
$120,000	$115,150	$118,973	$122,867	$126,832	$130,864	$134,965	$139,132	$143,365	$147,663
$160,000	$108,376	$111,975	$115,640	$119,371	$123,167	$127,026	$130,948	$134,932	$138,977
$200,000	$101,603	$104,976	$108,412	$111,910	$115,469	$119,087	$122,764	$126,499	$130,291
$240,000	$94,829	$97,978	$101,185	$104,450	$107,771	$111,148	$114,580	$118,066	$121,604
$280,000	$88,056	$90,979	$93,957	$96,989	$100,073	$103,209	$106,395	$109,632	$112,918
$320,000	$81,282	$83,981	$86,730	$89,528	$92,375	$95,269	$98,211	$101,199	$104,232
$360,000	$74,509	$76,983	$79,502	$82,067	$84,677	$87,330	$90,027	$92,766	$95,546
$400,000	$67,735	$69,984	$72,275	$74,607	$76,979	$79,391	$81,843	$84,333	$86,860

Average Home Price by State

Source: Zillow.com, February 2022