Income to Afford a $85,000 House

How much do you need to make to be able to afford a house that costs $85,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $85,000 with a down payment of $17,000, you'd need to earn $14,766 per year before tax.
The monthly mortgage payment would be $345.

Salary needed for 85,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $85,000. 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 $85,000 house?
Down Payment 3.75% 4.00% 4.25% 4.50% 4.75% 5.00%
$0 $16,871 $17,392 $17,921 $18,458 $19,003 $19,556
$4,250 $16,027 $16,522 $17,025 $17,535 $18,053 $18,578
$8,500 $15,184 $15,652 $16,129 $16,612 $17,103 $17,600
$12,750 $14,340 $14,783 $15,233 $15,689 $16,152 $16,622
$17,000 $13,497 $13,913 $14,337 $14,766 $15,202 $15,645
$21,250 $12,653 $13,044 $13,441 $13,843 $14,252 $14,667
$25,500 $11,809 $12,174 $12,544 $12,920 $13,302 $13,689
$29,750 $10,966 $11,305 $11,648 $11,998 $12,352 $12,711
$34,000 $10,122 $10,435 $10,752 $11,075 $11,402 $11,733
$38,250 $9,279 $9,565 $9,856 $10,152 $10,452 $10,756
$42,500 $8,435 $8,696 $8,960 $9,229 $9,501 $9,778