Can I Afford a 157k House?

Use the calculator to see if you can afford a 157,000 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 157k House? How much do I need to make to buy a $157000 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 $157,000 Home. 6.95% APR for 30 Years with a $31,400 Down Payment
Annual Income Monthly Payment % of Income Spent on Mortgage
20k Income 831.41 49.9%
21k Income 831.41 47.5%
22k Income 831.41 45.3%
23k Income 831.41 43.4%
24k Income 831.41 41.6%
25k Income 831.41 39.9%
26k Income 831.41 38.4%
27k Income 831.41 37.0%
28k Income 831.41 35.6%
29k Income 831.41 34.4%
30k Income 831.41 33.3%
31k Income 831.41 32.2%
32k Income 831.41 31.2%
33k Income 831.41 30.2%
34k Income 831.41 29.3%
35k Income 831.41 28.5%
36k Income 831.41 27.7%
37k Income 831.41 27.0%
38k Income 831.41 26.3%
39k Income 831.41 25.6%
40k Income 831.41 24.9%
41k Income 831.41 24.3%
42k Income 831.41 23.8%
43k Income 831.41 23.2%
44k Income 831.41 22.7%
45k Income 831.41 22.2%
46k Income 831.41 21.7%
47k Income 831.41 21.2%
48k Income 831.41 20.8%
49k Income 831.41 20.4%
50k Income 831.41 20.0%
51k Income 831.41 19.6%
52k Income 831.41 19.2%
53k Income 831.41 18.8%
54k Income 831.41 18.5%
55k Income 831.41 18.1%
56k Income 831.41 17.8%
57k Income 831.41 17.5%
58k Income 831.41 17.2%
59k Income 831.41 16.9%
60k Income 831.41 16.6%
61k Income 831.41 16.4%
62k Income 831.41 16.1%
63k Income 831.41 15.8%
64k Income 831.41 15.6%
65k Income 831.41 15.3%
66k Income 831.41 15.1%
67k Income 831.41 14.9%
68k Income 831.41 14.7%
69k Income 831.41 14.5%
70k Income 831.41 14.3%
71k Income 831.41 14.1%
72k Income 831.41 13.9%
73k Income 831.41 13.7%
74k Income 831.41 13.5%
75k Income 831.41 13.3%
76k Income 831.41 13.1%
77k Income 831.41 13.0%
78k Income 831.41 12.8%
79k Income 831.41 12.6%
80k Income 831.41 12.5%
81k Income 831.41 12.3%
82k Income 831.41 12.2%
83k Income 831.41 12.0%
84k Income 831.41 11.9%
85k Income 831.41 11.7%
86k Income 831.41 11.6%
87k Income 831.41 11.5%
88k Income 831.41 11.3%
89k Income 831.41 11.2%
90k Income 831.41 11.1%
91k Income 831.41 11.0%
92k Income 831.41 10.8%
93k Income 831.41 10.7%
94k Income 831.41 10.6%
95k Income 831.41 10.5%
96k Income 831.41 10.4%
97k Income 831.41 10.3%
98k Income 831.41 10.2%
99k Income 831.41 10.1%
100k Income 831.41 10.0%
101k Income 831.41 9.9%
102k Income 831.41 9.8%
103k Income 831.41 9.7%
104k Income 831.41 9.6%
105k Income 831.41 9.5%
106k Income 831.41 9.4%
107k Income 831.41 9.3%
108k Income 831.41 9.2%
109k Income 831.41 9.2%
110k Income 831.41 9.1%
Annual Income Monthly Payment % of Income Spent on Mortgage
111k Income 831.41 9.0%
112k Income 831.41 8.9%
113k Income 831.41 8.8%
114k Income 831.41 8.8%
115k Income 831.41 8.7%
116k Income 831.41 8.6%
117k Income 831.41 8.5%
118k Income 831.41 8.5%
119k Income 831.41 8.4%
120k Income 831.41 8.3%
121k Income 831.41 8.2%
122k Income 831.41 8.2%
123k Income 831.41 8.1%
124k Income 831.41 8.0%
125k Income 831.41 8.0%
126k Income 831.41 7.9%
127k Income 831.41 7.9%
128k Income 831.41 7.8%
129k Income 831.41 7.7%
130k Income 831.41 7.7%
131k Income 831.41 7.6%
132k Income 831.41 7.6%
133k Income 831.41 7.5%
134k Income 831.41 7.4%
135k Income 831.41 7.4%
136k Income 831.41 7.3%
137k Income 831.41 7.3%
138k Income 831.41 7.2%
139k Income 831.41 7.2%
140k Income 831.41 7.1%
141k Income 831.41 7.1%
142k Income 831.41 7.0%
143k Income 831.41 7.0%
144k Income 831.41 6.9%
145k Income 831.41 6.9%
146k Income 831.41 6.8%
147k Income 831.41 6.8%
148k Income 831.41 6.7%
149k Income 831.41 6.7%
150k Income 831.41 6.7%
151k Income 831.41 6.6%
152k Income 831.41 6.6%
153k Income 831.41 6.5%
154k Income 831.41 6.5%
155k Income 831.41 6.4%
156k Income 831.41 6.4%
157k Income 831.41 6.4%
158k Income 831.41 6.3%
159k Income 831.41 6.3%
160k Income 831.41 6.2%
161k Income 831.41 6.2%
162k Income 831.41 6.2%
163k Income 831.41 6.1%
164k Income 831.41 6.1%
165k Income 831.41 6.0%
166k Income 831.41 6.0%
167k Income 831.41 6.0%
168k Income 831.41 5.9%
169k Income 831.41 5.9%
170k Income 831.41 5.9%
171k Income 831.41 5.8%
172k Income 831.41 5.8%
173k Income 831.41 5.8%
174k Income 831.41 5.7%
175k Income 831.41 5.7%
176k Income 831.41 5.7%
177k Income 831.41 5.6%
178k Income 831.41 5.6%
179k Income 831.41 5.6%
180k Income 831.41 5.5%
181k Income 831.41 5.5%
182k Income 831.41 5.5%
183k Income 831.41 5.5%
184k Income 831.41 5.4%
185k Income 831.41 5.4%
186k Income 831.41 5.4%
187k Income 831.41 5.3%
188k Income 831.41 5.3%
189k Income 831.41 5.3%
190k Income 831.41 5.3%
191k Income 831.41 5.2%
192k Income 831.41 5.2%
193k Income 831.41 5.2%
194k Income 831.41 5.1%
195k Income 831.41 5.1%
196k Income 831.41 5.1%
197k Income 831.41 5.1%
198k Income 831.41 5.0%
199k Income 831.41 5.0%
200k Income 831.41 5.0%
201k Income 831.41 5.0%