What's the Most Expensive House You Can Afford on 240,000 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 $240,000, and a down payment of $240,000, you should be able to afford a house that costs $1,412,983.

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%
48,000 1,295,092 1,257,201 1,220,983 1,186,350 1,153,222
96,000 1,343,092 1,305,201 1,268,983 1,234,350 1,201,222
144,000 1,391,092 1,353,201 1,316,983 1,282,350 1,249,222
192,000 1,439,092 1,401,201 1,364,983 1,330,350 1,297,222
240,000 1,487,092 1,449,201 1,412,983 1,378,350 1,345,222
288,000 1,535,092 1,497,201 1,460,983 1,426,350 1,393,222
336,000 1,583,092 1,545,201 1,508,983 1,474,350 1,441,222
384,000 1,631,092 1,593,201 1,556,983 1,522,350 1,489,222
432,000 1,679,092 1,641,201 1,604,983 1,570,350 1,537,222
480,000 1,727,092 1,689,201 1,652,983 1,618,350 1,585,222