Can I Afford a 150k House?

Use the calculator to see if you can afford a 150,000 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 150k House? How much do I need to make to buy a $150000 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 $150,000 Home. 6.88% APR for 30 Years with a $30,000 Down Payment
Annual Income Monthly Payment % of Income Spent on Mortgage
20k Income 788.72 47.3%
21k Income 788.72 45.1%
22k Income 788.72 43.0%
23k Income 788.72 41.2%
24k Income 788.72 39.4%
25k Income 788.72 37.9%
26k Income 788.72 36.4%
27k Income 788.72 35.1%
28k Income 788.72 33.8%
29k Income 788.72 32.6%
30k Income 788.72 31.5%
31k Income 788.72 30.5%
32k Income 788.72 29.6%
33k Income 788.72 28.7%
34k Income 788.72 27.8%
35k Income 788.72 27.0%
36k Income 788.72 26.3%
37k Income 788.72 25.6%
38k Income 788.72 24.9%
39k Income 788.72 24.3%
40k Income 788.72 23.7%
41k Income 788.72 23.1%
42k Income 788.72 22.5%
43k Income 788.72 22.0%
44k Income 788.72 21.5%
45k Income 788.72 21.0%
46k Income 788.72 20.6%
47k Income 788.72 20.1%
48k Income 788.72 19.7%
49k Income 788.72 19.3%
50k Income 788.72 18.9%
51k Income 788.72 18.6%
52k Income 788.72 18.2%
53k Income 788.72 17.9%
54k Income 788.72 17.5%
55k Income 788.72 17.2%
56k Income 788.72 16.9%
57k Income 788.72 16.6%
58k Income 788.72 16.3%
59k Income 788.72 16.0%
60k Income 788.72 15.8%
61k Income 788.72 15.5%
62k Income 788.72 15.3%
63k Income 788.72 15.0%
64k Income 788.72 14.8%
65k Income 788.72 14.6%
66k Income 788.72 14.3%
67k Income 788.72 14.1%
68k Income 788.72 13.9%
69k Income 788.72 13.7%
70k Income 788.72 13.5%
71k Income 788.72 13.3%
72k Income 788.72 13.1%
73k Income 788.72 13.0%
74k Income 788.72 12.8%
75k Income 788.72 12.6%
76k Income 788.72 12.5%
77k Income 788.72 12.3%
78k Income 788.72 12.1%
79k Income 788.72 12.0%
80k Income 788.72 11.8%
81k Income 788.72 11.7%
82k Income 788.72 11.5%
83k Income 788.72 11.4%
84k Income 788.72 11.3%
85k Income 788.72 11.1%
86k Income 788.72 11.0%
87k Income 788.72 10.9%
88k Income 788.72 10.8%
89k Income 788.72 10.6%
90k Income 788.72 10.5%
91k Income 788.72 10.4%
92k Income 788.72 10.3%
93k Income 788.72 10.2%
94k Income 788.72 10.1%
95k Income 788.72 10.0%
96k Income 788.72 9.9%
97k Income 788.72 9.8%
98k Income 788.72 9.7%
99k Income 788.72 9.6%
100k Income 788.72 9.5%
101k Income 788.72 9.4%
102k Income 788.72 9.3%
103k Income 788.72 9.2%
104k Income 788.72 9.1%
105k Income 788.72 9.0%
106k Income 788.72 8.9%
107k Income 788.72 8.8%
108k Income 788.72 8.8%
109k Income 788.72 8.7%
110k Income 788.72 8.6%
Annual Income Monthly Payment % of Income Spent on Mortgage
111k Income 788.72 8.5%
112k Income 788.72 8.5%
113k Income 788.72 8.4%
114k Income 788.72 8.3%
115k Income 788.72 8.2%
116k Income 788.72 8.2%
117k Income 788.72 8.1%
118k Income 788.72 8.0%
119k Income 788.72 8.0%
120k Income 788.72 7.9%
121k Income 788.72 7.8%
122k Income 788.72 7.8%
123k Income 788.72 7.7%
124k Income 788.72 7.6%
125k Income 788.72 7.6%
126k Income 788.72 7.5%
127k Income 788.72 7.5%
128k Income 788.72 7.4%
129k Income 788.72 7.3%
130k Income 788.72 7.3%
131k Income 788.72 7.2%
132k Income 788.72 7.2%
133k Income 788.72 7.1%
134k Income 788.72 7.1%
135k Income 788.72 7.0%
136k Income 788.72 7.0%
137k Income 788.72 6.9%
138k Income 788.72 6.9%
139k Income 788.72 6.8%
140k Income 788.72 6.8%
141k Income 788.72 6.7%
142k Income 788.72 6.7%
143k Income 788.72 6.6%
144k Income 788.72 6.6%
145k Income 788.72 6.5%
146k Income 788.72 6.5%
147k Income 788.72 6.4%
148k Income 788.72 6.4%
149k Income 788.72 6.4%
150k Income 788.72 6.3%
151k Income 788.72 6.3%
152k Income 788.72 6.2%
153k Income 788.72 6.2%
154k Income 788.72 6.1%
155k Income 788.72 6.1%
156k Income 788.72 6.1%
157k Income 788.72 6.0%
158k Income 788.72 6.0%
159k Income 788.72 6.0%
160k Income 788.72 5.9%
161k Income 788.72 5.9%
162k Income 788.72 5.8%
163k Income 788.72 5.8%
164k Income 788.72 5.8%
165k Income 788.72 5.7%
166k Income 788.72 5.7%
167k Income 788.72 5.7%
168k Income 788.72 5.6%
169k Income 788.72 5.6%
170k Income 788.72 5.6%
171k Income 788.72 5.5%
172k Income 788.72 5.5%
173k Income 788.72 5.5%
174k Income 788.72 5.4%
175k Income 788.72 5.4%
176k Income 788.72 5.4%
177k Income 788.72 5.3%
178k Income 788.72 5.3%
179k Income 788.72 5.3%
180k Income 788.72 5.3%
181k Income 788.72 5.2%
182k Income 788.72 5.2%
183k Income 788.72 5.2%
184k Income 788.72 5.1%
185k Income 788.72 5.1%
186k Income 788.72 5.1%
187k Income 788.72 5.1%
188k Income 788.72 5.0%
189k Income 788.72 5.0%
190k Income 788.72 5.0%
191k Income 788.72 5.0%
192k Income 788.72 4.9%
193k Income 788.72 4.9%
194k Income 788.72 4.9%
195k Income 788.72 4.9%
196k Income 788.72 4.8%
197k Income 788.72 4.8%
198k Income 788.72 4.8%
199k Income 788.72 4.8%
200k Income 788.72 4.7%
201k Income 788.72 4.7%