What's the Most Expensive House You Can Afford on 50,000 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 $50,000, and a down payment of $50,000, you should be able to afford a house that costs $294,371.

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%
10,000 269,811 261,917 254,371 247,156 240,255
20,000 279,811 271,917 264,371 257,156 250,255
30,000 289,811 281,917 274,371 267,156 260,255
40,000 299,811 291,917 284,371 277,156 270,255
50,000 309,811 301,917 294,371 287,156 280,255
60,000 319,811 311,917 304,371 297,156 290,255
70,000 329,811 321,917 314,371 307,156 300,255
80,000 339,811 331,917 324,371 317,156 310,255
90,000 349,811 341,917 334,371 327,156 320,255
100,000 359,811 351,917 344,371 337,156 330,255