Can I Afford a 159k House?

Use the calculator to see if you can afford a 159,000 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 159k House? How much do I need to make to buy a $159000 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 $159,000 Home. 6.88% APR for 30 Years with a $31,800 Down Payment
Annual Income Monthly Payment % of Income Spent on Mortgage
20k Income 836.04 50.2%
21k Income 836.04 47.8%
22k Income 836.04 45.6%
23k Income 836.04 43.6%
24k Income 836.04 41.8%
25k Income 836.04 40.1%
26k Income 836.04 38.6%
27k Income 836.04 37.2%
28k Income 836.04 35.8%
29k Income 836.04 34.6%
30k Income 836.04 33.4%
31k Income 836.04 32.4%
32k Income 836.04 31.4%
33k Income 836.04 30.4%
34k Income 836.04 29.5%
35k Income 836.04 28.7%
36k Income 836.04 27.9%
37k Income 836.04 27.1%
38k Income 836.04 26.4%
39k Income 836.04 25.7%
40k Income 836.04 25.1%
41k Income 836.04 24.5%
42k Income 836.04 23.9%
43k Income 836.04 23.3%
44k Income 836.04 22.8%
45k Income 836.04 22.3%
46k Income 836.04 21.8%
47k Income 836.04 21.3%
48k Income 836.04 20.9%
49k Income 836.04 20.5%
50k Income 836.04 20.1%
51k Income 836.04 19.7%
52k Income 836.04 19.3%
53k Income 836.04 18.9%
54k Income 836.04 18.6%
55k Income 836.04 18.2%
56k Income 836.04 17.9%
57k Income 836.04 17.6%
58k Income 836.04 17.3%
59k Income 836.04 17.0%
60k Income 836.04 16.7%
61k Income 836.04 16.4%
62k Income 836.04 16.2%
63k Income 836.04 15.9%
64k Income 836.04 15.7%
65k Income 836.04 15.4%
66k Income 836.04 15.2%
67k Income 836.04 15.0%
68k Income 836.04 14.8%
69k Income 836.04 14.5%
70k Income 836.04 14.3%
71k Income 836.04 14.1%
72k Income 836.04 13.9%
73k Income 836.04 13.7%
74k Income 836.04 13.6%
75k Income 836.04 13.4%
76k Income 836.04 13.2%
77k Income 836.04 13.0%
78k Income 836.04 12.9%
79k Income 836.04 12.7%
80k Income 836.04 12.5%
81k Income 836.04 12.4%
82k Income 836.04 12.2%
83k Income 836.04 12.1%
84k Income 836.04 11.9%
85k Income 836.04 11.8%
86k Income 836.04 11.7%
87k Income 836.04 11.5%
88k Income 836.04 11.4%
89k Income 836.04 11.3%
90k Income 836.04 11.1%
91k Income 836.04 11.0%
92k Income 836.04 10.9%
93k Income 836.04 10.8%
94k Income 836.04 10.7%
95k Income 836.04 10.6%
96k Income 836.04 10.5%
97k Income 836.04 10.3%
98k Income 836.04 10.2%
99k Income 836.04 10.1%
100k Income 836.04 10.0%
101k Income 836.04 9.9%
102k Income 836.04 9.8%
103k Income 836.04 9.7%
104k Income 836.04 9.6%
105k Income 836.04 9.6%
106k Income 836.04 9.5%
107k Income 836.04 9.4%
108k Income 836.04 9.3%
109k Income 836.04 9.2%
110k Income 836.04 9.1%
Annual Income Monthly Payment % of Income Spent on Mortgage
111k Income 836.04 9.0%
112k Income 836.04 9.0%
113k Income 836.04 8.9%
114k Income 836.04 8.8%
115k Income 836.04 8.7%
116k Income 836.04 8.6%
117k Income 836.04 8.6%
118k Income 836.04 8.5%
119k Income 836.04 8.4%
120k Income 836.04 8.4%
121k Income 836.04 8.3%
122k Income 836.04 8.2%
123k Income 836.04 8.2%
124k Income 836.04 8.1%
125k Income 836.04 8.0%
126k Income 836.04 8.0%
127k Income 836.04 7.9%
128k Income 836.04 7.8%
129k Income 836.04 7.8%
130k Income 836.04 7.7%
131k Income 836.04 7.7%
132k Income 836.04 7.6%
133k Income 836.04 7.5%
134k Income 836.04 7.5%
135k Income 836.04 7.4%
136k Income 836.04 7.4%
137k Income 836.04 7.3%
138k Income 836.04 7.3%
139k Income 836.04 7.2%
140k Income 836.04 7.2%
141k Income 836.04 7.1%
142k Income 836.04 7.1%
143k Income 836.04 7.0%
144k Income 836.04 7.0%
145k Income 836.04 6.9%
146k Income 836.04 6.9%
147k Income 836.04 6.8%
148k Income 836.04 6.8%
149k Income 836.04 6.7%
150k Income 836.04 6.7%
151k Income 836.04 6.6%
152k Income 836.04 6.6%
153k Income 836.04 6.6%
154k Income 836.04 6.5%
155k Income 836.04 6.5%
156k Income 836.04 6.4%
157k Income 836.04 6.4%
158k Income 836.04 6.3%
159k Income 836.04 6.3%
160k Income 836.04 6.3%
161k Income 836.04 6.2%
162k Income 836.04 6.2%
163k Income 836.04 6.2%
164k Income 836.04 6.1%
165k Income 836.04 6.1%
166k Income 836.04 6.0%
167k Income 836.04 6.0%
168k Income 836.04 6.0%
169k Income 836.04 5.9%
170k Income 836.04 5.9%
171k Income 836.04 5.9%
172k Income 836.04 5.8%
173k Income 836.04 5.8%
174k Income 836.04 5.8%
175k Income 836.04 5.7%
176k Income 836.04 5.7%
177k Income 836.04 5.7%
178k Income 836.04 5.6%
179k Income 836.04 5.6%
180k Income 836.04 5.6%
181k Income 836.04 5.5%
182k Income 836.04 5.5%
183k Income 836.04 5.5%
184k Income 836.04 5.5%
185k Income 836.04 5.4%
186k Income 836.04 5.4%
187k Income 836.04 5.4%
188k Income 836.04 5.3%
189k Income 836.04 5.3%
190k Income 836.04 5.3%
191k Income 836.04 5.3%
192k Income 836.04 5.2%
193k Income 836.04 5.2%
194k Income 836.04 5.2%
195k Income 836.04 5.1%
196k Income 836.04 5.1%
197k Income 836.04 5.1%
198k Income 836.04 5.1%
199k Income 836.04 5.0%
200k Income 836.04 5.0%
201k Income 836.04 5.0%