What's the Most Expensive House You Can Afford on 85,000 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 $85,000, and a down payment of $85,000, you should be able to afford a house that costs $500,431.

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%
17,000 458,678 445,259 432,431 420,166 408,433
34,000 475,678 462,259 449,431 437,166 425,433
51,000 492,678 479,259 466,431 454,166 442,433
68,000 509,678 496,259 483,431 471,166 459,433
85,000 526,678 513,259 500,431 488,166 476,433
102,000 543,678 530,259 517,431 505,166 493,433
119,000 560,678 547,259 534,431 522,166 510,433
136,000 577,678 564,259 551,431 539,166 527,433
153,000 594,678 581,259 568,431 556,166 544,433
170,000 611,678 598,259 585,431 573,166 561,433