Income to Afford a $90,000 House

How much do you need to make to be able to afford a house that costs $90,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $90,000 with a down payment of $18,000, you'd need to earn $13,429 per year before tax.
The monthly mortgage payment would be $313.

Salary needed for 90,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $90,000. 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 $90,000 house?
Down Payment 2.50% 2.75% 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50%
$0 $15,240 $15,746 $16,262 $16,787 $17,320 $17,863 $18,415 $18,975 $19,544
$4,500 $14,478 $14,959 $15,449 $15,947 $16,454 $16,970 $17,494 $18,026 $18,566
$9,000 $13,716 $14,172 $14,636 $15,108 $15,588 $16,077 $16,573 $17,077 $17,589
$13,500 $12,954 $13,384 $13,823 $14,269 $14,722 $15,184 $15,652 $16,129 $16,612
$18,000 $12,192 $12,597 $13,009 $13,429 $13,856 $14,290 $14,732 $15,180 $15,635
$22,500 $11,430 $11,810 $12,196 $12,590 $12,990 $13,397 $13,811 $14,231 $14,658
$27,000 $10,668 $11,023 $11,383 $11,751 $12,124 $12,504 $12,890 $13,282 $13,681
$31,500 $9,906 $10,235 $10,570 $10,911 $11,258 $11,611 $11,969 $12,334 $12,703
$36,000 $9,144 $9,448 $9,757 $10,072 $10,392 $10,718 $11,049 $11,385 $11,726
$40,500 $8,382 $8,661 $8,944 $9,233 $9,526 $9,825 $10,128 $10,436 $10,749
$45,000 $7,620 $7,873 $8,131 $8,393 $8,660 $8,932 $9,207 $9,487 $9,772
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