Can I Afford a 101k House?

Use the calculator to see if you can afford a 101,000 home
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*Financial advisors recommend purchasing a house where your monthly payment is approximately 28% of your total income.
Can I afford to buy a 101k House? How much do I need to make to buy a $101000 home or apartment? Use this calculator to estimate how much of a mortgage you can get. This is a very rough estimate and many more factors go into mortgage underwriting. The easiest way to determine how much home you can afford is to speak with a mortgage banker and get a preapproval for a mortgage.

This calculator starts with a fixed 30 year mortgage with current interest rates. Different loan lengths, such as a 15 year fixed, or a different APR will affect mortgage affordability.
Percentage of Income Spent for a $101,000 Home. 6.95% APR for 30 Years with a $20,200 Down Payment
Annual Income Monthly Payment % of Income Spent on Mortgage
20k Income 534.85 32.1%
21k Income 534.85 30.6%
22k Income 534.85 29.2%
23k Income 534.85 27.9%
24k Income 534.85 26.7%
25k Income 534.85 25.7%
26k Income 534.85 24.7%
27k Income 534.85 23.8%
28k Income 534.85 22.9%
29k Income 534.85 22.1%
30k Income 534.85 21.4%
31k Income 534.85 20.7%
32k Income 534.85 20.1%
33k Income 534.85 19.4%
34k Income 534.85 18.9%
35k Income 534.85 18.3%
36k Income 534.85 17.8%
37k Income 534.85 17.3%
38k Income 534.85 16.9%
39k Income 534.85 16.5%
40k Income 534.85 16.0%
41k Income 534.85 15.7%
42k Income 534.85 15.3%
43k Income 534.85 14.9%
44k Income 534.85 14.6%
45k Income 534.85 14.3%
46k Income 534.85 14.0%
47k Income 534.85 13.7%
48k Income 534.85 13.4%
49k Income 534.85 13.1%
50k Income 534.85 12.8%
51k Income 534.85 12.6%
52k Income 534.85 12.3%
53k Income 534.85 12.1%
54k Income 534.85 11.9%
55k Income 534.85 11.7%
56k Income 534.85 11.5%
57k Income 534.85 11.3%
58k Income 534.85 11.1%
59k Income 534.85 10.9%
60k Income 534.85 10.7%
61k Income 534.85 10.5%
62k Income 534.85 10.4%
63k Income 534.85 10.2%
64k Income 534.85 10.0%
65k Income 534.85 9.9%
66k Income 534.85 9.7%
67k Income 534.85 9.6%
68k Income 534.85 9.4%
69k Income 534.85 9.3%
70k Income 534.85 9.2%
71k Income 534.85 9.0%
72k Income 534.85 8.9%
73k Income 534.85 8.8%
74k Income 534.85 8.7%
75k Income 534.85 8.6%
76k Income 534.85 8.4%
77k Income 534.85 8.3%
78k Income 534.85 8.2%
79k Income 534.85 8.1%
80k Income 534.85 8.0%
81k Income 534.85 7.9%
82k Income 534.85 7.8%
83k Income 534.85 7.7%
84k Income 534.85 7.6%
85k Income 534.85 7.6%
86k Income 534.85 7.5%
87k Income 534.85 7.4%
88k Income 534.85 7.3%
89k Income 534.85 7.2%
90k Income 534.85 7.1%
91k Income 534.85 7.1%
92k Income 534.85 7.0%
93k Income 534.85 6.9%
94k Income 534.85 6.8%
95k Income 534.85 6.8%
96k Income 534.85 6.7%
97k Income 534.85 6.6%
98k Income 534.85 6.5%
99k Income 534.85 6.5%
100k Income 534.85 6.4%
101k Income 534.85 6.4%
102k Income 534.85 6.3%
103k Income 534.85 6.2%
104k Income 534.85 6.2%
105k Income 534.85 6.1%
106k Income 534.85 6.1%
107k Income 534.85 6.0%
108k Income 534.85 5.9%
109k Income 534.85 5.9%
110k Income 534.85 5.8%
Annual Income Monthly Payment % of Income Spent on Mortgage
111k Income 534.85 5.8%
112k Income 534.85 5.7%
113k Income 534.85 5.7%
114k Income 534.85 5.6%
115k Income 534.85 5.6%
116k Income 534.85 5.5%
117k Income 534.85 5.5%
118k Income 534.85 5.4%
119k Income 534.85 5.4%
120k Income 534.85 5.3%
121k Income 534.85 5.3%
122k Income 534.85 5.3%
123k Income 534.85 5.2%
124k Income 534.85 5.2%
125k Income 534.85 5.1%
126k Income 534.85 5.1%
127k Income 534.85 5.1%
128k Income 534.85 5.0%
129k Income 534.85 5.0%
130k Income 534.85 4.9%
131k Income 534.85 4.9%
132k Income 534.85 4.9%
133k Income 534.85 4.8%
134k Income 534.85 4.8%
135k Income 534.85 4.8%
136k Income 534.85 4.7%
137k Income 534.85 4.7%
138k Income 534.85 4.7%
139k Income 534.85 4.6%
140k Income 534.85 4.6%
141k Income 534.85 4.6%
142k Income 534.85 4.5%
143k Income 534.85 4.5%
144k Income 534.85 4.5%
145k Income 534.85 4.4%
146k Income 534.85 4.4%
147k Income 534.85 4.4%
148k Income 534.85 4.3%
149k Income 534.85 4.3%
150k Income 534.85 4.3%
151k Income 534.85 4.3%
152k Income 534.85 4.2%
153k Income 534.85 4.2%
154k Income 534.85 4.2%
155k Income 534.85 4.1%
156k Income 534.85 4.1%
157k Income 534.85 4.1%
158k Income 534.85 4.1%
159k Income 534.85 4.0%
160k Income 534.85 4.0%
161k Income 534.85 4.0%
162k Income 534.85 4.0%
163k Income 534.85 3.9%
164k Income 534.85 3.9%
165k Income 534.85 3.9%
166k Income 534.85 3.9%
167k Income 534.85 3.8%
168k Income 534.85 3.8%
169k Income 534.85 3.8%
170k Income 534.85 3.8%
171k Income 534.85 3.8%
172k Income 534.85 3.7%
173k Income 534.85 3.7%
174k Income 534.85 3.7%
175k Income 534.85 3.7%
176k Income 534.85 3.6%
177k Income 534.85 3.6%
178k Income 534.85 3.6%
179k Income 534.85 3.6%
180k Income 534.85 3.6%
181k Income 534.85 3.5%
182k Income 534.85 3.5%
183k Income 534.85 3.5%
184k Income 534.85 3.5%
185k Income 534.85 3.5%
186k Income 534.85 3.5%
187k Income 534.85 3.4%
188k Income 534.85 3.4%
189k Income 534.85 3.4%
190k Income 534.85 3.4%
191k Income 534.85 3.4%
192k Income 534.85 3.3%
193k Income 534.85 3.3%
194k Income 534.85 3.3%
195k Income 534.85 3.3%
196k Income 534.85 3.3%
197k Income 534.85 3.3%
198k Income 534.85 3.2%
199k Income 534.85 3.2%
200k Income 534.85 3.2%
201k Income 534.85 3.2%