What's the Most Expensive House You Can Afford on 45,000 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 $45,000, and a down payment of $45,000, you should be able to afford a house that costs $264,934.

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%
9,000 242,830 235,725 228,934 222,441 216,229
18,000 251,830 244,725 237,934 231,441 225,229
27,000 260,830 253,725 246,934 240,441 234,229
36,000 269,830 262,725 255,934 249,441 243,229
45,000 278,830 271,725 264,934 258,441 252,229
54,000 287,830 280,725 273,934 267,441 261,229
63,000 296,830 289,725 282,934 276,441 270,229
72,000 305,830 298,725 291,934 285,441 279,229
81,000 314,830 307,725 300,934 294,441 288,229
90,000 323,830 316,725 309,934 303,441 297,229