What's the Most Expensive House You Can Afford on 15,000 Per Year?

Annual Income
(before tax)
$
Down Payment $
Interest Rate %
Term of Loan
Pct of Income
(for housing)
%
(results appear below)

With an income of $15,000, and a down payment of $15,000, you should be able to afford a house that costs $88,311.

This assumes a 30-year mortgage at 4% interest, and spending 28% of your income on your mortgage payment.

What House Can You Buy Based on Interest Rate and Down Payment?
Down 3.50% 3.75% 4.00% 4.25% 4.50%
3,000 80,943 78,575 76,311 74,147 72,076
6,000 83,943 81,575 79,311 77,147 75,076
9,000 86,943 84,575 82,311 80,147 78,076
12,000 89,943 87,575 85,311 83,147 81,076
15,000 92,943 90,575 88,311 86,147 84,076
18,000 95,943 93,575 91,311 89,147 87,076
21,000 98,943 96,575 94,311 92,147 90,076
24,000 101,943 99,575 97,311 95,147 93,076
27,000 104,943 102,575 100,311 98,147 96,076
30,000 107,943 105,575 103,311 101,147 99,076