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. 7.17% APR for 30 Years with a $31,800 Down Payment
Annual Income Monthly Payment % of Income Spent on Mortgage
20k Income 860.84 51.7%
21k Income 860.84 49.2%
22k Income 860.84 47.0%
23k Income 860.84 44.9%
24k Income 860.84 43.0%
25k Income 860.84 41.3%
26k Income 860.84 39.7%
27k Income 860.84 38.3%
28k Income 860.84 36.9%
29k Income 860.84 35.6%
30k Income 860.84 34.4%
31k Income 860.84 33.3%
32k Income 860.84 32.3%
33k Income 860.84 31.3%
34k Income 860.84 30.4%
35k Income 860.84 29.5%
36k Income 860.84 28.7%
37k Income 860.84 27.9%
38k Income 860.84 27.2%
39k Income 860.84 26.5%
40k Income 860.84 25.8%
41k Income 860.84 25.2%
42k Income 860.84 24.6%
43k Income 860.84 24.0%
44k Income 860.84 23.5%
45k Income 860.84 23.0%
46k Income 860.84 22.5%
47k Income 860.84 22.0%
48k Income 860.84 21.5%
49k Income 860.84 21.1%
50k Income 860.84 20.7%
51k Income 860.84 20.3%
52k Income 860.84 19.9%
53k Income 860.84 19.5%
54k Income 860.84 19.1%
55k Income 860.84 18.8%
56k Income 860.84 18.4%
57k Income 860.84 18.1%
58k Income 860.84 17.8%
59k Income 860.84 17.5%
60k Income 860.84 17.2%
61k Income 860.84 16.9%
62k Income 860.84 16.7%
63k Income 860.84 16.4%
64k Income 860.84 16.1%
65k Income 860.84 15.9%
66k Income 860.84 15.7%
67k Income 860.84 15.4%
68k Income 860.84 15.2%
69k Income 860.84 15.0%
70k Income 860.84 14.8%
71k Income 860.84 14.5%
72k Income 860.84 14.3%
73k Income 860.84 14.2%
74k Income 860.84 14.0%
75k Income 860.84 13.8%
76k Income 860.84 13.6%
77k Income 860.84 13.4%
78k Income 860.84 13.2%
79k Income 860.84 13.1%
80k Income 860.84 12.9%
81k Income 860.84 12.8%
82k Income 860.84 12.6%
83k Income 860.84 12.4%
84k Income 860.84 12.3%
85k Income 860.84 12.2%
86k Income 860.84 12.0%
87k Income 860.84 11.9%
88k Income 860.84 11.7%
89k Income 860.84 11.6%
90k Income 860.84 11.5%
91k Income 860.84 11.4%
92k Income 860.84 11.2%
93k Income 860.84 11.1%
94k Income 860.84 11.0%
95k Income 860.84 10.9%
96k Income 860.84 10.8%
97k Income 860.84 10.6%
98k Income 860.84 10.5%
99k Income 860.84 10.4%
100k Income 860.84 10.3%
101k Income 860.84 10.2%
102k Income 860.84 10.1%
103k Income 860.84 10.0%
104k Income 860.84 9.9%
105k Income 860.84 9.8%
106k Income 860.84 9.7%
107k Income 860.84 9.7%
108k Income 860.84 9.6%
109k Income 860.84 9.5%
110k Income 860.84 9.4%
Annual Income Monthly Payment % of Income Spent on Mortgage
111k Income 860.84 9.3%
112k Income 860.84 9.2%
113k Income 860.84 9.1%
114k Income 860.84 9.1%
115k Income 860.84 9.0%
116k Income 860.84 8.9%
117k Income 860.84 8.8%
118k Income 860.84 8.8%
119k Income 860.84 8.7%
120k Income 860.84 8.6%
121k Income 860.84 8.5%
122k Income 860.84 8.5%
123k Income 860.84 8.4%
124k Income 860.84 8.3%
125k Income 860.84 8.3%
126k Income 860.84 8.2%
127k Income 860.84 8.1%
128k Income 860.84 8.1%
129k Income 860.84 8.0%
130k Income 860.84 7.9%
131k Income 860.84 7.9%
132k Income 860.84 7.8%
133k Income 860.84 7.8%
134k Income 860.84 7.7%
135k Income 860.84 7.7%
136k Income 860.84 7.6%
137k Income 860.84 7.5%
138k Income 860.84 7.5%
139k Income 860.84 7.4%
140k Income 860.84 7.4%
141k Income 860.84 7.3%
142k Income 860.84 7.3%
143k Income 860.84 7.2%
144k Income 860.84 7.2%
145k Income 860.84 7.1%
146k Income 860.84 7.1%
147k Income 860.84 7.0%
148k Income 860.84 7.0%
149k Income 860.84 6.9%
150k Income 860.84 6.9%
151k Income 860.84 6.8%
152k Income 860.84 6.8%
153k Income 860.84 6.8%
154k Income 860.84 6.7%
155k Income 860.84 6.7%
156k Income 860.84 6.6%
157k Income 860.84 6.6%
158k Income 860.84 6.5%
159k Income 860.84 6.5%
160k Income 860.84 6.5%
161k Income 860.84 6.4%
162k Income 860.84 6.4%
163k Income 860.84 6.3%
164k Income 860.84 6.3%
165k Income 860.84 6.3%
166k Income 860.84 6.2%
167k Income 860.84 6.2%
168k Income 860.84 6.1%
169k Income 860.84 6.1%
170k Income 860.84 6.1%
171k Income 860.84 6.0%
172k Income 860.84 6.0%
173k Income 860.84 6.0%
174k Income 860.84 5.9%
175k Income 860.84 5.9%
176k Income 860.84 5.9%
177k Income 860.84 5.8%
178k Income 860.84 5.8%
179k Income 860.84 5.8%
180k Income 860.84 5.7%
181k Income 860.84 5.7%
182k Income 860.84 5.7%
183k Income 860.84 5.6%
184k Income 860.84 5.6%
185k Income 860.84 5.6%
186k Income 860.84 5.6%
187k Income 860.84 5.5%
188k Income 860.84 5.5%
189k Income 860.84 5.5%
190k Income 860.84 5.4%
191k Income 860.84 5.4%
192k Income 860.84 5.4%
193k Income 860.84 5.4%
194k Income 860.84 5.3%
195k Income 860.84 5.3%
196k Income 860.84 5.3%
197k Income 860.84 5.2%
198k Income 860.84 5.2%
199k Income 860.84 5.2%
200k Income 860.84 5.2%
201k Income 860.84 5.1%