Can I Afford a 172k House?

Use the calculator to see if you can afford a 172,000 home
$
$
%
%
years
*Financial advisors recommend purchasing a house where your monthly payment is approximately 28% of your total income.
Can I afford to buy a 172k House? How much do I need to make to buy a $172000 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 $172,000 Home. 6.88% APR for 30 Years with a $34,400 Down Payment
Annual Income Monthly Payment % of Income Spent on Mortgage
20k Income 904.39 54.3%
21k Income 904.39 51.7%
22k Income 904.39 49.3%
23k Income 904.39 47.2%
24k Income 904.39 45.2%
25k Income 904.39 43.4%
26k Income 904.39 41.7%
27k Income 904.39 40.2%
28k Income 904.39 38.8%
29k Income 904.39 37.4%
30k Income 904.39 36.2%
31k Income 904.39 35.0%
32k Income 904.39 33.9%
33k Income 904.39 32.9%
34k Income 904.39 31.9%
35k Income 904.39 31.0%
36k Income 904.39 30.1%
37k Income 904.39 29.3%
38k Income 904.39 28.6%
39k Income 904.39 27.8%
40k Income 904.39 27.1%
41k Income 904.39 26.5%
42k Income 904.39 25.8%
43k Income 904.39 25.2%
44k Income 904.39 24.7%
45k Income 904.39 24.1%
46k Income 904.39 23.6%
47k Income 904.39 23.1%
48k Income 904.39 22.6%
49k Income 904.39 22.1%
50k Income 904.39 21.7%
51k Income 904.39 21.3%
52k Income 904.39 20.9%
53k Income 904.39 20.5%
54k Income 904.39 20.1%
55k Income 904.39 19.7%
56k Income 904.39 19.4%
57k Income 904.39 19.0%
58k Income 904.39 18.7%
59k Income 904.39 18.4%
60k Income 904.39 18.1%
61k Income 904.39 17.8%
62k Income 904.39 17.5%
63k Income 904.39 17.2%
64k Income 904.39 17.0%
65k Income 904.39 16.7%
66k Income 904.39 16.4%
67k Income 904.39 16.2%
68k Income 904.39 16.0%
69k Income 904.39 15.7%
70k Income 904.39 15.5%
71k Income 904.39 15.3%
72k Income 904.39 15.1%
73k Income 904.39 14.9%
74k Income 904.39 14.7%
75k Income 904.39 14.5%
76k Income 904.39 14.3%
77k Income 904.39 14.1%
78k Income 904.39 13.9%
79k Income 904.39 13.7%
80k Income 904.39 13.6%
81k Income 904.39 13.4%
82k Income 904.39 13.2%
83k Income 904.39 13.1%
84k Income 904.39 12.9%
85k Income 904.39 12.8%
86k Income 904.39 12.6%
87k Income 904.39 12.5%
88k Income 904.39 12.3%
89k Income 904.39 12.2%
90k Income 904.39 12.1%
91k Income 904.39 11.9%
92k Income 904.39 11.8%
93k Income 904.39 11.7%
94k Income 904.39 11.5%
95k Income 904.39 11.4%
96k Income 904.39 11.3%
97k Income 904.39 11.2%
98k Income 904.39 11.1%
99k Income 904.39 11.0%
100k Income 904.39 10.9%
101k Income 904.39 10.7%
102k Income 904.39 10.6%
103k Income 904.39 10.5%
104k Income 904.39 10.4%
105k Income 904.39 10.3%
106k Income 904.39 10.2%
107k Income 904.39 10.1%
108k Income 904.39 10.0%
109k Income 904.39 10.0%
110k Income 904.39 9.9%
Annual Income Monthly Payment % of Income Spent on Mortgage
111k Income 904.39 9.8%
112k Income 904.39 9.7%
113k Income 904.39 9.6%
114k Income 904.39 9.5%
115k Income 904.39 9.4%
116k Income 904.39 9.4%
117k Income 904.39 9.3%
118k Income 904.39 9.2%
119k Income 904.39 9.1%
120k Income 904.39 9.0%
121k Income 904.39 9.0%
122k Income 904.39 8.9%
123k Income 904.39 8.8%
124k Income 904.39 8.8%
125k Income 904.39 8.7%
126k Income 904.39 8.6%
127k Income 904.39 8.5%
128k Income 904.39 8.5%
129k Income 904.39 8.4%
130k Income 904.39 8.3%
131k Income 904.39 8.3%
132k Income 904.39 8.2%
133k Income 904.39 8.2%
134k Income 904.39 8.1%
135k Income 904.39 8.0%
136k Income 904.39 8.0%
137k Income 904.39 7.9%
138k Income 904.39 7.9%
139k Income 904.39 7.8%
140k Income 904.39 7.8%
141k Income 904.39 7.7%
142k Income 904.39 7.6%
143k Income 904.39 7.6%
144k Income 904.39 7.5%
145k Income 904.39 7.5%
146k Income 904.39 7.4%
147k Income 904.39 7.4%
148k Income 904.39 7.3%
149k Income 904.39 7.3%
150k Income 904.39 7.2%
151k Income 904.39 7.2%
152k Income 904.39 7.1%
153k Income 904.39 7.1%
154k Income 904.39 7.0%
155k Income 904.39 7.0%
156k Income 904.39 7.0%
157k Income 904.39 6.9%
158k Income 904.39 6.9%
159k Income 904.39 6.8%
160k Income 904.39 6.8%
161k Income 904.39 6.7%
162k Income 904.39 6.7%
163k Income 904.39 6.7%
164k Income 904.39 6.6%
165k Income 904.39 6.6%
166k Income 904.39 6.5%
167k Income 904.39 6.5%
168k Income 904.39 6.5%
169k Income 904.39 6.4%
170k Income 904.39 6.4%
171k Income 904.39 6.3%
172k Income 904.39 6.3%
173k Income 904.39 6.3%
174k Income 904.39 6.2%
175k Income 904.39 6.2%
176k Income 904.39 6.2%
177k Income 904.39 6.1%
178k Income 904.39 6.1%
179k Income 904.39 6.1%
180k Income 904.39 6.0%
181k Income 904.39 6.0%
182k Income 904.39 6.0%
183k Income 904.39 5.9%
184k Income 904.39 5.9%
185k Income 904.39 5.9%
186k Income 904.39 5.8%
187k Income 904.39 5.8%
188k Income 904.39 5.8%
189k Income 904.39 5.7%
190k Income 904.39 5.7%
191k Income 904.39 5.7%
192k Income 904.39 5.7%
193k Income 904.39 5.6%
194k Income 904.39 5.6%
195k Income 904.39 5.6%
196k Income 904.39 5.5%
197k Income 904.39 5.5%
198k Income 904.39 5.5%
199k Income 904.39 5.5%
200k Income 904.39 5.4%
201k Income 904.39 5.4%