What's the Most Expensive House You Can Afford on 35,000 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 $35,000, and a down payment of $35,000, you should be able to afford a house that costs $206,060.

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%
7,000 188,868 183,342 178,060 173,009 168,178
14,000 195,868 190,342 185,060 180,009 175,178
21,000 202,868 197,342 192,060 187,009 182,178
28,000 209,868 204,342 199,060 194,009 189,178
35,000 216,868 211,342 206,060 201,009 196,178
42,000 223,868 218,342 213,060 208,009 203,178
49,000 230,868 225,342 220,060 215,009 210,178
56,000 237,868 232,342 227,060 222,009 217,178
63,000 244,868 239,342 234,060 229,009 224,178
70,000 251,868 246,342 241,060 236,009 231,178