# How Much Can I Afford For A House If I Make 80000 A Year?

So, if you make \$80,000 a year, you should be looking at homes priced between \$240,000 to \$320,000.

You can further limit this range by figuring out a comfortable monthly mortgage payment.

To do this, take your monthly after-tax income, subtract all current debt payments and then multiply that number by 25%.

## How much house can I afford if I make 75000 a year?

So, if you have no debt and earn \$75,000 a year, you should buy a home that costs no more than \$295,000. But let’s say you have car payments, student loans and credit card payments all totaling \$35,000 a year. In that case, the maximum you should spend on a home would be \$160,000 (\$75,000 minus \$35,000 times four).

## What mortgage can I afford on 70k salary?

So if you earn \$70,000 a year, you should be able to spend at least \$1,692 a month — and up to \$2,391 a month — in the form of either rent or mortgage payments.

## How much home can I afford if I make 120 000 a year?

So start by doing the math. If you make \$50,000 a year, your total yearly housing costs should ideally be no more than \$14,000, or \$1,167 a month. If you make \$120,000 a year, you can go up to \$33,600 a year, or \$2,800 a month—as long as your other debts don’t push you beyond the 36 percent mark.

## How much home can I afford if I make \$100000 a year?

Some experts suggest that you can afford a mortgage payment as high as 28% of your gross income. If true, a couple who earn a combined annual salary of \$100,000 can afford a monthly payment of about \$2,300/month. That could translate to a \$450,000 loan, assuming a 4.5% 30-year fixed rate.

## What salary is needed for a 300k house?

To afford a house that costs \$300,000 with a down payment of \$60,000, you’d need to earn \$52,116 per year before tax. The monthly mortgage payment would be \$1,216. Salary needed for 300,000 dollar mortgage.

## How much is a payment on a \$200 000 house?

If you borrow 200,000 at 5.000% for 30 years, your monthly payment will be \$1,073.64. The payments on a fixed-rate mortgage do not change over time. The loan amortizes over the repayment period, meaning the proportion of interest paid vs. principal repaid changes each month.