Income to Afford a $825,000 House

How much do you need to make to be able to afford a house that costs $825,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $825,000 with a down payment of $165,000, you'd need to earn $123,101 per year before tax.
The monthly mortgage payment would be $2,872.

Salary needed for 825,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $825,000. 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 $825,000 house?
Down Payment 2.50% 2.75% 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50%
$0 $139,703 $144,342 $149,067 $153,877 $158,769 $163,744 $168,800 $173,936 $179,149
$41,250 $132,718 $137,125 $141,614 $146,183 $150,831 $155,557 $160,360 $165,239 $170,192
$82,500 $125,733 $129,908 $134,160 $138,489 $142,892 $147,370 $151,920 $156,542 $161,235
$123,750 $118,748 $122,691 $126,707 $130,795 $134,954 $139,183 $143,480 $147,846 $152,277
$165,000 $111,763 $115,474 $119,254 $123,101 $127,015 $130,996 $135,040 $139,149 $143,320
$206,250 $104,778 $108,257 $111,800 $115,407 $119,077 $122,808 $126,600 $130,452 $134,362
$247,500 $97,792 $101,040 $104,347 $107,714 $111,139 $114,621 $118,160 $121,755 $125,405
$288,750 $90,807 $93,823 $96,894 $100,020 $103,200 $106,434 $109,720 $113,058 $116,447
$330,000 $83,822 $86,605 $89,440 $92,326 $95,262 $98,247 $101,280 $104,362 $107,490
$371,250 $76,837 $79,388 $81,987 $84,632 $87,323 $90,059 $92,840 $95,665 $98,532
$412,500 $69,852 $72,171 $74,534 $76,938 $79,385 $81,872 $84,400 $86,968 $89,575
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