# How Much House Can I Afford If I Make 125000 A Year?

How much house can I afford if I make \$125,000 a year?

– If you make \$125,000 a year, you can afford a house around \$698,556 not including taxes and insurance.

Use our home affordability calculator with amortization schedule below to get a more accurate estimate.

## How much house can I afford if I make 120000 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 house can I afford if I make 130k a year?

Research Maniacs checked with different financial institutions and found that most mortgage lenders do not allow more than 36 percent of a gross income of \$130,000 to cover the total cost of debt payment(s), insurance, and property tax.

## How much can I afford on a house if I make 100k 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.

## How much money do you need to make to buy a 400k house?

To afford a \$400,000 house, for example, you need about \$55,600 in cash if you put 10% down. With a 4.25% 30-year mortgage, your monthly income should be at least \$8178 and (if your income is \$8178) your monthly payments on existing debt should not exceed \$981.