Income to Afford a $900,000 House

How much do you need to make to be able to afford a house that costs $900,000?
Purchase Price
$
Down Payment
$
Interest Rate
%
Term of Loan
Pct. of Income
(for Housing)
%
To afford a house that costs $900,000 with a down payment of $180,000, you'd need to earn $134,292 per year before tax.
The monthly mortgage payment would be $3,133.

Salary needed for 900,000 dollar mortgage.

This page will calculate how much you need to earn to buy a house that costs $900,000. 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 $900,000 house?
Down Payment 2.50% 2.75% 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50%
$0 $152,404 $157,464 $162,619 $167,865 $173,203 $178,630 $184,146 $189,748 $195,436
$45,000 $144,784 $149,591 $154,488 $159,472 $164,543 $169,699 $174,939 $180,261 $185,664
$90,000 $137,163 $141,718 $146,357 $151,079 $155,883 $160,767 $165,731 $170,773 $175,892
$135,000 $129,543 $133,845 $138,226 $142,686 $147,223 $151,836 $156,524 $161,286 $166,120
$180,000 $121,923 $125,972 $130,095 $134,292 $138,562 $142,904 $147,317 $151,799 $156,349
$225,000 $114,303 $118,098 $121,964 $125,899 $129,902 $133,973 $138,109 $142,311 $146,577
$270,000 $106,683 $110,225 $113,833 $117,506 $121,242 $125,041 $128,902 $132,824 $136,805
$315,000 $99,062 $102,352 $105,702 $109,112 $112,582 $116,110 $119,695 $123,336 $127,033
$360,000 $91,442 $94,479 $97,571 $100,719 $103,922 $107,178 $110,488 $113,849 $117,261
$405,000 $83,822 $86,605 $89,440 $92,326 $95,262 $98,247 $101,280 $104,362 $107,490
$450,000 $76,202 $78,732 $81,309 $83,933 $86,601 $89,315 $92,073 $94,874 $97,718
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