Can I Afford a 142k House?

Use the calculator to see if you can afford a 142,000 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 142k House? How much do I need to make to buy a $142000 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 $142,000 Home. 6.94% APR for 30 Years with a $28,400 Down Payment
Annual Income Monthly Payment % of Income Spent on Mortgage
20k Income 751.21 45.1%
21k Income 751.21 42.9%
22k Income 751.21 41.0%
23k Income 751.21 39.2%
24k Income 751.21 37.6%
25k Income 751.21 36.1%
26k Income 751.21 34.7%
27k Income 751.21 33.4%
28k Income 751.21 32.2%
29k Income 751.21 31.1%
30k Income 751.21 30.0%
31k Income 751.21 29.1%
32k Income 751.21 28.2%
33k Income 751.21 27.3%
34k Income 751.21 26.5%
35k Income 751.21 25.8%
36k Income 751.21 25.0%
37k Income 751.21 24.4%
38k Income 751.21 23.7%
39k Income 751.21 23.1%
40k Income 751.21 22.5%
41k Income 751.21 22.0%
42k Income 751.21 21.5%
43k Income 751.21 21.0%
44k Income 751.21 20.5%
45k Income 751.21 20.0%
46k Income 751.21 19.6%
47k Income 751.21 19.2%
48k Income 751.21 18.8%
49k Income 751.21 18.4%
50k Income 751.21 18.0%
51k Income 751.21 17.7%
52k Income 751.21 17.3%
53k Income 751.21 17.0%
54k Income 751.21 16.7%
55k Income 751.21 16.4%
56k Income 751.21 16.1%
57k Income 751.21 15.8%
58k Income 751.21 15.5%
59k Income 751.21 15.3%
60k Income 751.21 15.0%
61k Income 751.21 14.8%
62k Income 751.21 14.5%
63k Income 751.21 14.3%
64k Income 751.21 14.1%
65k Income 751.21 13.9%
66k Income 751.21 13.7%
67k Income 751.21 13.5%
68k Income 751.21 13.3%
69k Income 751.21 13.1%
70k Income 751.21 12.9%
71k Income 751.21 12.7%
72k Income 751.21 12.5%
73k Income 751.21 12.3%
74k Income 751.21 12.2%
75k Income 751.21 12.0%
76k Income 751.21 11.9%
77k Income 751.21 11.7%
78k Income 751.21 11.6%
79k Income 751.21 11.4%
80k Income 751.21 11.3%
81k Income 751.21 11.1%
82k Income 751.21 11.0%
83k Income 751.21 10.9%
84k Income 751.21 10.7%
85k Income 751.21 10.6%
86k Income 751.21 10.5%
87k Income 751.21 10.4%
88k Income 751.21 10.2%
89k Income 751.21 10.1%
90k Income 751.21 10.0%
91k Income 751.21 9.9%
92k Income 751.21 9.8%
93k Income 751.21 9.7%
94k Income 751.21 9.6%
95k Income 751.21 9.5%
96k Income 751.21 9.4%
97k Income 751.21 9.3%
98k Income 751.21 9.2%
99k Income 751.21 9.1%
100k Income 751.21 9.0%
101k Income 751.21 8.9%
102k Income 751.21 8.8%
103k Income 751.21 8.8%
104k Income 751.21 8.7%
105k Income 751.21 8.6%
106k Income 751.21 8.5%
107k Income 751.21 8.4%
108k Income 751.21 8.3%
109k Income 751.21 8.3%
110k Income 751.21 8.2%
Annual Income Monthly Payment % of Income Spent on Mortgage
111k Income 751.21 8.1%
112k Income 751.21 8.0%
113k Income 751.21 8.0%
114k Income 751.21 7.9%
115k Income 751.21 7.8%
116k Income 751.21 7.8%
117k Income 751.21 7.7%
118k Income 751.21 7.6%
119k Income 751.21 7.6%
120k Income 751.21 7.5%
121k Income 751.21 7.5%
122k Income 751.21 7.4%
123k Income 751.21 7.3%
124k Income 751.21 7.3%
125k Income 751.21 7.2%
126k Income 751.21 7.2%
127k Income 751.21 7.1%
128k Income 751.21 7.0%
129k Income 751.21 7.0%
130k Income 751.21 6.9%
131k Income 751.21 6.9%
132k Income 751.21 6.8%
133k Income 751.21 6.8%
134k Income 751.21 6.7%
135k Income 751.21 6.7%
136k Income 751.21 6.6%
137k Income 751.21 6.6%
138k Income 751.21 6.5%
139k Income 751.21 6.5%
140k Income 751.21 6.4%
141k Income 751.21 6.4%
142k Income 751.21 6.3%
143k Income 751.21 6.3%
144k Income 751.21 6.3%
145k Income 751.21 6.2%
146k Income 751.21 6.2%
147k Income 751.21 6.1%
148k Income 751.21 6.1%
149k Income 751.21 6.1%
150k Income 751.21 6.0%
151k Income 751.21 6.0%
152k Income 751.21 5.9%
153k Income 751.21 5.9%
154k Income 751.21 5.9%
155k Income 751.21 5.8%
156k Income 751.21 5.8%
157k Income 751.21 5.7%
158k Income 751.21 5.7%
159k Income 751.21 5.7%
160k Income 751.21 5.6%
161k Income 751.21 5.6%
162k Income 751.21 5.6%
163k Income 751.21 5.5%
164k Income 751.21 5.5%
165k Income 751.21 5.5%
166k Income 751.21 5.4%
167k Income 751.21 5.4%
168k Income 751.21 5.4%
169k Income 751.21 5.3%
170k Income 751.21 5.3%
171k Income 751.21 5.3%
172k Income 751.21 5.2%
173k Income 751.21 5.2%
174k Income 751.21 5.2%
175k Income 751.21 5.2%
176k Income 751.21 5.1%
177k Income 751.21 5.1%
178k Income 751.21 5.1%
179k Income 751.21 5.0%
180k Income 751.21 5.0%
181k Income 751.21 5.0%
182k Income 751.21 5.0%
183k Income 751.21 4.9%
184k Income 751.21 4.9%
185k Income 751.21 4.9%
186k Income 751.21 4.8%
187k Income 751.21 4.8%
188k Income 751.21 4.8%
189k Income 751.21 4.8%
190k Income 751.21 4.7%
191k Income 751.21 4.7%
192k Income 751.21 4.7%
193k Income 751.21 4.7%
194k Income 751.21 4.6%
195k Income 751.21 4.6%
196k Income 751.21 4.6%
197k Income 751.21 4.6%
198k Income 751.21 4.6%
199k Income 751.21 4.5%
200k Income 751.21 4.5%
201k Income 751.21 4.5%