# Question: How Much Should You 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.

## How much should you make to buy a 300k house?

The oldest rule of thumb says you can typically afford a home priced two to three times your gross income. So, if you earn \$100,000, you can typically afford a home between \$200,000 and \$300,000.

## How much do I need to make to afford a 350k house?

Example Required Income Levels at Various Home Loan Amounts

Home PriceDown PaymentLoan Amount
\$250,000\$50,000\$200,000
\$300,000\$60,000\$240,000
\$350,000\$70,000\$280,000
\$400,000\$80,000\$320,000

15 more rows

## Can I afford a 500k house?

A generally accepted rule of thumb is that your mortgage shouldn’t be more than three times your annual income. So if you make \$165,000 in household income, a \$500,000 house is the very most you should get.

## What income do you need for a 800000 mortgage?

To afford a house that costs \$800,000 with a down payment of \$160,000, you’d need to earn \$138,977 per year before tax. The monthly mortgage payment would be \$3,243. Salary needed for 800,000 dollar mortgage.