Can I Afford a 164k House?

Use the calculator to see if you can afford a 164,000 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 164k House? How much do I need to make to buy a $164000 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 $164,000 Home. 6.94% APR for 30 Years with a $32,800 Down Payment
Annual Income Monthly Payment % of Income Spent on Mortgage
20k Income 867.60 52.1%
21k Income 867.60 49.6%
22k Income 867.60 47.3%
23k Income 867.60 45.3%
24k Income 867.60 43.4%
25k Income 867.60 41.6%
26k Income 867.60 40.0%
27k Income 867.60 38.6%
28k Income 867.60 37.2%
29k Income 867.60 35.9%
30k Income 867.60 34.7%
31k Income 867.60 33.6%
32k Income 867.60 32.5%
33k Income 867.60 31.5%
34k Income 867.60 30.6%
35k Income 867.60 29.7%
36k Income 867.60 28.9%
37k Income 867.60 28.1%
38k Income 867.60 27.4%
39k Income 867.60 26.7%
40k Income 867.60 26.0%
41k Income 867.60 25.4%
42k Income 867.60 24.8%
43k Income 867.60 24.2%
44k Income 867.60 23.7%
45k Income 867.60 23.1%
46k Income 867.60 22.6%
47k Income 867.60 22.2%
48k Income 867.60 21.7%
49k Income 867.60 21.2%
50k Income 867.60 20.8%
51k Income 867.60 20.4%
52k Income 867.60 20.0%
53k Income 867.60 19.6%
54k Income 867.60 19.3%
55k Income 867.60 18.9%
56k Income 867.60 18.6%
57k Income 867.60 18.3%
58k Income 867.60 18.0%
59k Income 867.60 17.6%
60k Income 867.60 17.4%
61k Income 867.60 17.1%
62k Income 867.60 16.8%
63k Income 867.60 16.5%
64k Income 867.60 16.3%
65k Income 867.60 16.0%
66k Income 867.60 15.8%
67k Income 867.60 15.5%
68k Income 867.60 15.3%
69k Income 867.60 15.1%
70k Income 867.60 14.9%
71k Income 867.60 14.7%
72k Income 867.60 14.5%
73k Income 867.60 14.3%
74k Income 867.60 14.1%
75k Income 867.60 13.9%
76k Income 867.60 13.7%
77k Income 867.60 13.5%
78k Income 867.60 13.3%
79k Income 867.60 13.2%
80k Income 867.60 13.0%
81k Income 867.60 12.9%
82k Income 867.60 12.7%
83k Income 867.60 12.5%
84k Income 867.60 12.4%
85k Income 867.60 12.2%
86k Income 867.60 12.1%
87k Income 867.60 12.0%
88k Income 867.60 11.8%
89k Income 867.60 11.7%
90k Income 867.60 11.6%
91k Income 867.60 11.4%
92k Income 867.60 11.3%
93k Income 867.60 11.2%
94k Income 867.60 11.1%
95k Income 867.60 11.0%
96k Income 867.60 10.8%
97k Income 867.60 10.7%
98k Income 867.60 10.6%
99k Income 867.60 10.5%
100k Income 867.60 10.4%
101k Income 867.60 10.3%
102k Income 867.60 10.2%
103k Income 867.60 10.1%
104k Income 867.60 10.0%
105k Income 867.60 9.9%
106k Income 867.60 9.8%
107k Income 867.60 9.7%
108k Income 867.60 9.6%
109k Income 867.60 9.6%
110k Income 867.60 9.5%
Annual Income Monthly Payment % of Income Spent on Mortgage
111k Income 867.60 9.4%
112k Income 867.60 9.3%
113k Income 867.60 9.2%
114k Income 867.60 9.1%
115k Income 867.60 9.1%
116k Income 867.60 9.0%
117k Income 867.60 8.9%
118k Income 867.60 8.8%
119k Income 867.60 8.7%
120k Income 867.60 8.7%
121k Income 867.60 8.6%
122k Income 867.60 8.5%
123k Income 867.60 8.5%
124k Income 867.60 8.4%
125k Income 867.60 8.3%
126k Income 867.60 8.3%
127k Income 867.60 8.2%
128k Income 867.60 8.1%
129k Income 867.60 8.1%
130k Income 867.60 8.0%
131k Income 867.60 7.9%
132k Income 867.60 7.9%
133k Income 867.60 7.8%
134k Income 867.60 7.8%
135k Income 867.60 7.7%
136k Income 867.60 7.7%
137k Income 867.60 7.6%
138k Income 867.60 7.5%
139k Income 867.60 7.5%
140k Income 867.60 7.4%
141k Income 867.60 7.4%
142k Income 867.60 7.3%
143k Income 867.60 7.3%
144k Income 867.60 7.2%
145k Income 867.60 7.2%
146k Income 867.60 7.1%
147k Income 867.60 7.1%
148k Income 867.60 7.0%
149k Income 867.60 7.0%
150k Income 867.60 6.9%
151k Income 867.60 6.9%
152k Income 867.60 6.8%
153k Income 867.60 6.8%
154k Income 867.60 6.8%
155k Income 867.60 6.7%
156k Income 867.60 6.7%
157k Income 867.60 6.6%
158k Income 867.60 6.6%
159k Income 867.60 6.5%
160k Income 867.60 6.5%
161k Income 867.60 6.5%
162k Income 867.60 6.4%
163k Income 867.60 6.4%
164k Income 867.60 6.3%
165k Income 867.60 6.3%
166k Income 867.60 6.3%
167k Income 867.60 6.2%
168k Income 867.60 6.2%
169k Income 867.60 6.2%
170k Income 867.60 6.1%
171k Income 867.60 6.1%
172k Income 867.60 6.1%
173k Income 867.60 6.0%
174k Income 867.60 6.0%
175k Income 867.60 5.9%
176k Income 867.60 5.9%
177k Income 867.60 5.9%
178k Income 867.60 5.8%
179k Income 867.60 5.8%
180k Income 867.60 5.8%
181k Income 867.60 5.8%
182k Income 867.60 5.7%
183k Income 867.60 5.7%
184k Income 867.60 5.7%
185k Income 867.60 5.6%
186k Income 867.60 5.6%
187k Income 867.60 5.6%
188k Income 867.60 5.5%
189k Income 867.60 5.5%
190k Income 867.60 5.5%
191k Income 867.60 5.5%
192k Income 867.60 5.4%
193k Income 867.60 5.4%
194k Income 867.60 5.4%
195k Income 867.60 5.3%
196k Income 867.60 5.3%
197k Income 867.60 5.3%
198k Income 867.60 5.3%
199k Income 867.60 5.2%
200k Income 867.60 5.2%
201k Income 867.60 5.2%