Can I Afford a 238k House?

Use the calculator to see if you can afford a 238,000 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 238k House? How much do I need to make to buy a $238000 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 $238,000 Home. 7.10% APR for 30 Years with a $47,600 Down Payment
Annual Income Monthly Payment % of Income Spent on Mortgage
20k Income 1,279.55 76.8%
21k Income 1,279.55 73.1%
22k Income 1,279.55 69.8%
23k Income 1,279.55 66.8%
24k Income 1,279.55 64.0%
25k Income 1,279.55 61.4%
26k Income 1,279.55 59.1%
27k Income 1,279.55 56.9%
28k Income 1,279.55 54.8%
29k Income 1,279.55 52.9%
30k Income 1,279.55 51.2%
31k Income 1,279.55 49.5%
32k Income 1,279.55 48.0%
33k Income 1,279.55 46.5%
34k Income 1,279.55 45.2%
35k Income 1,279.55 43.9%
36k Income 1,279.55 42.7%
37k Income 1,279.55 41.5%
38k Income 1,279.55 40.4%
39k Income 1,279.55 39.4%
40k Income 1,279.55 38.4%
41k Income 1,279.55 37.5%
42k Income 1,279.55 36.6%
43k Income 1,279.55 35.7%
44k Income 1,279.55 34.9%
45k Income 1,279.55 34.1%
46k Income 1,279.55 33.4%
47k Income 1,279.55 32.7%
48k Income 1,279.55 32.0%
49k Income 1,279.55 31.3%
50k Income 1,279.55 30.7%
51k Income 1,279.55 30.1%
52k Income 1,279.55 29.5%
53k Income 1,279.55 29.0%
54k Income 1,279.55 28.4%
55k Income 1,279.55 27.9%
56k Income 1,279.55 27.4%
57k Income 1,279.55 26.9%
58k Income 1,279.55 26.5%
59k Income 1,279.55 26.0%
60k Income 1,279.55 25.6%
61k Income 1,279.55 25.2%
62k Income 1,279.55 24.8%
63k Income 1,279.55 24.4%
64k Income 1,279.55 24.0%
65k Income 1,279.55 23.6%
66k Income 1,279.55 23.3%
67k Income 1,279.55 22.9%
68k Income 1,279.55 22.6%
69k Income 1,279.55 22.3%
70k Income 1,279.55 21.9%
71k Income 1,279.55 21.6%
72k Income 1,279.55 21.3%
73k Income 1,279.55 21.0%
74k Income 1,279.55 20.7%
75k Income 1,279.55 20.5%
76k Income 1,279.55 20.2%
77k Income 1,279.55 19.9%
78k Income 1,279.55 19.7%
79k Income 1,279.55 19.4%
80k Income 1,279.55 19.2%
81k Income 1,279.55 19.0%
82k Income 1,279.55 18.7%
83k Income 1,279.55 18.5%
84k Income 1,279.55 18.3%
85k Income 1,279.55 18.1%
86k Income 1,279.55 17.9%
87k Income 1,279.55 17.6%
88k Income 1,279.55 17.4%
89k Income 1,279.55 17.3%
90k Income 1,279.55 17.1%
91k Income 1,279.55 16.9%
92k Income 1,279.55 16.7%
93k Income 1,279.55 16.5%
94k Income 1,279.55 16.3%
95k Income 1,279.55 16.2%
96k Income 1,279.55 16.0%
97k Income 1,279.55 15.8%
98k Income 1,279.55 15.7%
99k Income 1,279.55 15.5%
100k Income 1,279.55 15.4%
101k Income 1,279.55 15.2%
102k Income 1,279.55 15.1%
103k Income 1,279.55 14.9%
104k Income 1,279.55 14.8%
105k Income 1,279.55 14.6%
106k Income 1,279.55 14.5%
107k Income 1,279.55 14.4%
108k Income 1,279.55 14.2%
109k Income 1,279.55 14.1%
110k Income 1,279.55 14.0%
Annual Income Monthly Payment % of Income Spent on Mortgage
111k Income 1,279.55 13.8%
112k Income 1,279.55 13.7%
113k Income 1,279.55 13.6%
114k Income 1,279.55 13.5%
115k Income 1,279.55 13.4%
116k Income 1,279.55 13.2%
117k Income 1,279.55 13.1%
118k Income 1,279.55 13.0%
119k Income 1,279.55 12.9%
120k Income 1,279.55 12.8%
121k Income 1,279.55 12.7%
122k Income 1,279.55 12.6%
123k Income 1,279.55 12.5%
124k Income 1,279.55 12.4%
125k Income 1,279.55 12.3%
126k Income 1,279.55 12.2%
127k Income 1,279.55 12.1%
128k Income 1,279.55 12.0%
129k Income 1,279.55 11.9%
130k Income 1,279.55 11.8%
131k Income 1,279.55 11.7%
132k Income 1,279.55 11.6%
133k Income 1,279.55 11.5%
134k Income 1,279.55 11.5%
135k Income 1,279.55 11.4%
136k Income 1,279.55 11.3%
137k Income 1,279.55 11.2%
138k Income 1,279.55 11.1%
139k Income 1,279.55 11.0%
140k Income 1,279.55 11.0%
141k Income 1,279.55 10.9%
142k Income 1,279.55 10.8%
143k Income 1,279.55 10.7%
144k Income 1,279.55 10.7%
145k Income 1,279.55 10.6%
146k Income 1,279.55 10.5%
147k Income 1,279.55 10.4%
148k Income 1,279.55 10.4%
149k Income 1,279.55 10.3%
150k Income 1,279.55 10.2%
151k Income 1,279.55 10.2%
152k Income 1,279.55 10.1%
153k Income 1,279.55 10.0%
154k Income 1,279.55 10.0%
155k Income 1,279.55 9.9%
156k Income 1,279.55 9.8%
157k Income 1,279.55 9.8%
158k Income 1,279.55 9.7%
159k Income 1,279.55 9.7%
160k Income 1,279.55 9.6%
161k Income 1,279.55 9.5%
162k Income 1,279.55 9.5%
163k Income 1,279.55 9.4%
164k Income 1,279.55 9.4%
165k Income 1,279.55 9.3%
166k Income 1,279.55 9.2%
167k Income 1,279.55 9.2%
168k Income 1,279.55 9.1%
169k Income 1,279.55 9.1%
170k Income 1,279.55 9.0%
171k Income 1,279.55 9.0%
172k Income 1,279.55 8.9%
173k Income 1,279.55 8.9%
174k Income 1,279.55 8.8%
175k Income 1,279.55 8.8%
176k Income 1,279.55 8.7%
177k Income 1,279.55 8.7%
178k Income 1,279.55 8.6%
179k Income 1,279.55 8.6%
180k Income 1,279.55 8.5%
181k Income 1,279.55 8.5%
182k Income 1,279.55 8.4%
183k Income 1,279.55 8.4%
184k Income 1,279.55 8.3%
185k Income 1,279.55 8.3%
186k Income 1,279.55 8.3%
187k Income 1,279.55 8.2%
188k Income 1,279.55 8.2%
189k Income 1,279.55 8.1%
190k Income 1,279.55 8.1%
191k Income 1,279.55 8.0%
192k Income 1,279.55 8.0%
193k Income 1,279.55 8.0%
194k Income 1,279.55 7.9%
195k Income 1,279.55 7.9%
196k Income 1,279.55 7.8%
197k Income 1,279.55 7.8%
198k Income 1,279.55 7.8%
199k Income 1,279.55 7.7%
200k Income 1,279.55 7.7%
201k Income 1,279.55 7.6%