Can I Afford a 171k House?

Use the calculator to see if you can afford a 171,000 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 171k House? How much do I need to make to buy a $171000 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 $171,000 Home. 6.87% APR for 30 Years with a $34,200 Down Payment
Annual Income Monthly Payment % of Income Spent on Mortgage
20k Income 898.22 53.9%
21k Income 898.22 51.3%
22k Income 898.22 49.0%
23k Income 898.22 46.9%
24k Income 898.22 44.9%
25k Income 898.22 43.1%
26k Income 898.22 41.5%
27k Income 898.22 39.9%
28k Income 898.22 38.5%
29k Income 898.22 37.2%
30k Income 898.22 35.9%
31k Income 898.22 34.8%
32k Income 898.22 33.7%
33k Income 898.22 32.7%
34k Income 898.22 31.7%
35k Income 898.22 30.8%
36k Income 898.22 29.9%
37k Income 898.22 29.1%
38k Income 898.22 28.4%
39k Income 898.22 27.6%
40k Income 898.22 26.9%
41k Income 898.22 26.3%
42k Income 898.22 25.7%
43k Income 898.22 25.1%
44k Income 898.22 24.5%
45k Income 898.22 24.0%
46k Income 898.22 23.4%
47k Income 898.22 22.9%
48k Income 898.22 22.5%
49k Income 898.22 22.0%
50k Income 898.22 21.6%
51k Income 898.22 21.1%
52k Income 898.22 20.7%
53k Income 898.22 20.3%
54k Income 898.22 20.0%
55k Income 898.22 19.6%
56k Income 898.22 19.2%
57k Income 898.22 18.9%
58k Income 898.22 18.6%
59k Income 898.22 18.3%
60k Income 898.22 18.0%
61k Income 898.22 17.7%
62k Income 898.22 17.4%
63k Income 898.22 17.1%
64k Income 898.22 16.8%
65k Income 898.22 16.6%
66k Income 898.22 16.3%
67k Income 898.22 16.1%
68k Income 898.22 15.9%
69k Income 898.22 15.6%
70k Income 898.22 15.4%
71k Income 898.22 15.2%
72k Income 898.22 15.0%
73k Income 898.22 14.8%
74k Income 898.22 14.6%
75k Income 898.22 14.4%
76k Income 898.22 14.2%
77k Income 898.22 14.0%
78k Income 898.22 13.8%
79k Income 898.22 13.6%
80k Income 898.22 13.5%
81k Income 898.22 13.3%
82k Income 898.22 13.1%
83k Income 898.22 13.0%
84k Income 898.22 12.8%
85k Income 898.22 12.7%
86k Income 898.22 12.5%
87k Income 898.22 12.4%
88k Income 898.22 12.2%
89k Income 898.22 12.1%
90k Income 898.22 12.0%
91k Income 898.22 11.8%
92k Income 898.22 11.7%
93k Income 898.22 11.6%
94k Income 898.22 11.5%
95k Income 898.22 11.3%
96k Income 898.22 11.2%
97k Income 898.22 11.1%
98k Income 898.22 11.0%
99k Income 898.22 10.9%
100k Income 898.22 10.8%
101k Income 898.22 10.7%
102k Income 898.22 10.6%
103k Income 898.22 10.5%
104k Income 898.22 10.4%
105k Income 898.22 10.3%
106k Income 898.22 10.2%
107k Income 898.22 10.1%
108k Income 898.22 10.0%
109k Income 898.22 9.9%
110k Income 898.22 9.8%
Annual Income Monthly Payment % of Income Spent on Mortgage
111k Income 898.22 9.7%
112k Income 898.22 9.6%
113k Income 898.22 9.5%
114k Income 898.22 9.5%
115k Income 898.22 9.4%
116k Income 898.22 9.3%
117k Income 898.22 9.2%
118k Income 898.22 9.1%
119k Income 898.22 9.1%
120k Income 898.22 9.0%
121k Income 898.22 8.9%
122k Income 898.22 8.8%
123k Income 898.22 8.8%
124k Income 898.22 8.7%
125k Income 898.22 8.6%
126k Income 898.22 8.6%
127k Income 898.22 8.5%
128k Income 898.22 8.4%
129k Income 898.22 8.4%
130k Income 898.22 8.3%
131k Income 898.22 8.2%
132k Income 898.22 8.2%
133k Income 898.22 8.1%
134k Income 898.22 8.0%
135k Income 898.22 8.0%
136k Income 898.22 7.9%
137k Income 898.22 7.9%
138k Income 898.22 7.8%
139k Income 898.22 7.8%
140k Income 898.22 7.7%
141k Income 898.22 7.6%
142k Income 898.22 7.6%
143k Income 898.22 7.5%
144k Income 898.22 7.5%
145k Income 898.22 7.4%
146k Income 898.22 7.4%
147k Income 898.22 7.3%
148k Income 898.22 7.3%
149k Income 898.22 7.2%
150k Income 898.22 7.2%
151k Income 898.22 7.1%
152k Income 898.22 7.1%
153k Income 898.22 7.0%
154k Income 898.22 7.0%
155k Income 898.22 7.0%
156k Income 898.22 6.9%
157k Income 898.22 6.9%
158k Income 898.22 6.8%
159k Income 898.22 6.8%
160k Income 898.22 6.7%
161k Income 898.22 6.7%
162k Income 898.22 6.7%
163k Income 898.22 6.6%
164k Income 898.22 6.6%
165k Income 898.22 6.5%
166k Income 898.22 6.5%
167k Income 898.22 6.5%
168k Income 898.22 6.4%
169k Income 898.22 6.4%
170k Income 898.22 6.3%
171k Income 898.22 6.3%
172k Income 898.22 6.3%
173k Income 898.22 6.2%
174k Income 898.22 6.2%
175k Income 898.22 6.2%
176k Income 898.22 6.1%
177k Income 898.22 6.1%
178k Income 898.22 6.1%
179k Income 898.22 6.0%
180k Income 898.22 6.0%
181k Income 898.22 6.0%
182k Income 898.22 5.9%
183k Income 898.22 5.9%
184k Income 898.22 5.9%
185k Income 898.22 5.8%
186k Income 898.22 5.8%
187k Income 898.22 5.8%
188k Income 898.22 5.7%
189k Income 898.22 5.7%
190k Income 898.22 5.7%
191k Income 898.22 5.6%
192k Income 898.22 5.6%
193k Income 898.22 5.6%
194k Income 898.22 5.6%
195k Income 898.22 5.5%
196k Income 898.22 5.5%
197k Income 898.22 5.5%
198k Income 898.22 5.4%
199k Income 898.22 5.4%
200k Income 898.22 5.4%
201k Income 898.22 5.4%