How much house can I afford making $100,000 a year?
Change the down payment
| Down | Home price | Monthly |
|---|---|---|
| 3% | $271,000 | $2,325 |
| 5% | $276,000 | $2,327 |
| 10% | $289,000 | $2,329 |
| 20% | $335,000 | $2,327 |
If your rate changes
| Rate | Home price | Monthly |
|---|---|---|
| 6.50% | $364,000 | $2,333 |
| 7.00% | $349,000 | $2,330 |
| 7.50% | $335,000 | $2,327 |
| 8.00% | $323,000 | $2,333 |
| 8.50% | $310,000 | $2,326 |
Other monthly debt
| Existing debt / mo | Home price | DTI |
|---|---|---|
| $0 | $335,000 | 27.9% |
| $300 | $335,000 | 31.5% |
| $600 | $335,000 | 35.1% |
| $1,000 | $287,000 | 35.9% |
How far $100,000 goes by state
| State | Home price | Monthly |
|---|---|---|
| California | $365,000 | $2,332 |
| Arizona | $363,000 | $2,332 |
| Colorado | $363,000 | $2,329 |
| Washington | $356,000 | $2,331 |
| North Carolina | $349,000 | $2,329 |
| Georgia | $343,000 | $2,331 |
| Pennsylvania | $323,000 | $2,333 |
| New York | $321,000 | $2,331 |
| Ohio | $318,000 | $2,333 |
| Florida | $309,000 | $2,327 |
| Illinois | $300,000 | $2,332 |
| Texas | $293,000 | $2,328 |
Run it with your own numbers
Monthly breakdown
Total interest $406,602 · total PMI $0 · paid off in 30 years
Compare loan terms
| Term | Monthly (P&I) | Total monthly | Total interest |
|---|---|---|---|
| 10 years | $3,181 | $3,672 | $113,745 |
| 15 years | $2,484 | $2,975 | $179,191 |
| 20 years | $2,159 | $2,649 | $250,158 |
| 30 years | $1,874 | $2,364 | $406,602 |
Amortization schedule
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 1 | $20,016 | $2,471 | $265,529 |
| 2 | $19,824 | $2,662 | $262,867 |
| 3 | $19,618 | $2,869 | $259,998 |
| 4 | $19,395 | $3,092 | $256,906 |
| 5 | $19,155 | $3,332 | $253,575 |
| 6 | $18,896 | $3,590 | $249,984 |
| 7 | $18,618 | $3,869 | $246,115 |
| 8 | $18,317 | $4,169 | $241,946 |
| 9 | $17,994 | $4,493 | $237,453 |
| 10 | $17,645 | $4,842 | $232,611 |
| 11 | $17,269 | $5,218 | $227,393 |
| 12 | $16,864 | $5,623 | $221,770 |
| 13 | $16,427 | $6,059 | $215,710 |
| 14 | $15,957 | $6,530 | $209,180 |
| 15 | $15,450 | $7,037 | $202,143 |
| 16 | $14,904 | $7,583 | $194,560 |
| 17 | $14,315 | $8,172 | $186,389 |
| 18 | $13,681 | $8,806 | $177,582 |
| 19 | $12,997 | $9,490 | $168,092 |
| 20 | $12,260 | $10,227 | $157,866 |
| 21 | $11,466 | $11,021 | $146,845 |
| 22 | $10,611 | $11,876 | $134,969 |
| 23 | $9,689 | $12,798 | $122,171 |
| 24 | $8,695 | $13,792 | $108,380 |
| 25 | $7,624 | $14,862 | $93,517 |
| 26 | $6,471 | $16,016 | $77,501 |
| 27 | $5,227 | $17,259 | $60,242 |
| 28 | $3,887 | $18,599 | $41,642 |
| 29 | $2,444 | $20,043 | $21,599 |
| 30 | $887 | $21,599 | $0 |
Showing 360 payments. Schedule assumes a fixed rate and constant home value for PMI cancellation.
FAQ
How much house can I afford on $100,000 a year?
With a 20% down payment and a 7.50% 30-year rate, the 28/36 rule points to a home around $335,000 — roughly $2,327 per month all-in (principal, interest, taxes and insurance). The binding constraint here is the front-end (28% housing) ratio.
What is the 28/36 rule?
Lenders typically want housing costs at or below 28% of gross monthly income, and total debt (housing plus car, student and credit card payments) at or below 36%. This page applies both and reports whichever limit binds first.
How much down payment do I need?
A 20% down payment avoids PMI entirely. On this income that is about $67,000. Putting 5% down lowers the cash you need but adds PMI and shrinks the price you qualify for.