Can I Afford a 338k House?

Use the calculator to see if you can afford a 338,000 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 338k House? How much do I need to make to buy a $338000 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 $338,000 Home. 7.02% APR for 30 Years with a $67,600 Down Payment
Annual Income Monthly Payment % of Income Spent on Mortgage
20k Income 1,802.61 108.2%
21k Income 1,802.61 103.0%
22k Income 1,802.61 98.3%
23k Income 1,802.61 94.0%
24k Income 1,802.61 90.1%
25k Income 1,802.61 86.5%
26k Income 1,802.61 83.2%
27k Income 1,802.61 80.1%
28k Income 1,802.61 77.3%
29k Income 1,802.61 74.6%
30k Income 1,802.61 72.1%
31k Income 1,802.61 69.8%
32k Income 1,802.61 67.6%
33k Income 1,802.61 65.5%
34k Income 1,802.61 63.6%
35k Income 1,802.61 61.8%
36k Income 1,802.61 60.1%
37k Income 1,802.61 58.5%
38k Income 1,802.61 56.9%
39k Income 1,802.61 55.5%
40k Income 1,802.61 54.1%
41k Income 1,802.61 52.8%
42k Income 1,802.61 51.5%
43k Income 1,802.61 50.3%
44k Income 1,802.61 49.2%
45k Income 1,802.61 48.1%
46k Income 1,802.61 47.0%
47k Income 1,802.61 46.0%
48k Income 1,802.61 45.1%
49k Income 1,802.61 44.1%
50k Income 1,802.61 43.3%
51k Income 1,802.61 42.4%
52k Income 1,802.61 41.6%
53k Income 1,802.61 40.8%
54k Income 1,802.61 40.1%
55k Income 1,802.61 39.3%
56k Income 1,802.61 38.6%
57k Income 1,802.61 37.9%
58k Income 1,802.61 37.3%
59k Income 1,802.61 36.7%
60k Income 1,802.61 36.1%
61k Income 1,802.61 35.5%
62k Income 1,802.61 34.9%
63k Income 1,802.61 34.3%
64k Income 1,802.61 33.8%
65k Income 1,802.61 33.3%
66k Income 1,802.61 32.8%
67k Income 1,802.61 32.3%
68k Income 1,802.61 31.8%
69k Income 1,802.61 31.3%
70k Income 1,802.61 30.9%
71k Income 1,802.61 30.5%
72k Income 1,802.61 30.0%
73k Income 1,802.61 29.6%
74k Income 1,802.61 29.2%
75k Income 1,802.61 28.8%
76k Income 1,802.61 28.5%
77k Income 1,802.61 28.1%
78k Income 1,802.61 27.7%
79k Income 1,802.61 27.4%
80k Income 1,802.61 27.0%
81k Income 1,802.61 26.7%
82k Income 1,802.61 26.4%
83k Income 1,802.61 26.1%
84k Income 1,802.61 25.8%
85k Income 1,802.61 25.4%
86k Income 1,802.61 25.2%
87k Income 1,802.61 24.9%
88k Income 1,802.61 24.6%
89k Income 1,802.61 24.3%
90k Income 1,802.61 24.0%
91k Income 1,802.61 23.8%
92k Income 1,802.61 23.5%
93k Income 1,802.61 23.3%
94k Income 1,802.61 23.0%
95k Income 1,802.61 22.8%
96k Income 1,802.61 22.5%
97k Income 1,802.61 22.3%
98k Income 1,802.61 22.1%
99k Income 1,802.61 21.8%
100k Income 1,802.61 21.6%
101k Income 1,802.61 21.4%
102k Income 1,802.61 21.2%
103k Income 1,802.61 21.0%
104k Income 1,802.61 20.8%
105k Income 1,802.61 20.6%
106k Income 1,802.61 20.4%
107k Income 1,802.61 20.2%
108k Income 1,802.61 20.0%
109k Income 1,802.61 19.8%
110k Income 1,802.61 19.7%
Annual Income Monthly Payment % of Income Spent on Mortgage
111k Income 1,802.61 19.5%
112k Income 1,802.61 19.3%
113k Income 1,802.61 19.1%
114k Income 1,802.61 19.0%
115k Income 1,802.61 18.8%
116k Income 1,802.61 18.6%
117k Income 1,802.61 18.5%
118k Income 1,802.61 18.3%
119k Income 1,802.61 18.2%
120k Income 1,802.61 18.0%
121k Income 1,802.61 17.9%
122k Income 1,802.61 17.7%
123k Income 1,802.61 17.6%
124k Income 1,802.61 17.4%
125k Income 1,802.61 17.3%
126k Income 1,802.61 17.2%
127k Income 1,802.61 17.0%
128k Income 1,802.61 16.9%
129k Income 1,802.61 16.8%
130k Income 1,802.61 16.6%
131k Income 1,802.61 16.5%
132k Income 1,802.61 16.4%
133k Income 1,802.61 16.3%
134k Income 1,802.61 16.1%
135k Income 1,802.61 16.0%
136k Income 1,802.61 15.9%
137k Income 1,802.61 15.8%
138k Income 1,802.61 15.7%
139k Income 1,802.61 15.6%
140k Income 1,802.61 15.5%
141k Income 1,802.61 15.3%
142k Income 1,802.61 15.2%
143k Income 1,802.61 15.1%
144k Income 1,802.61 15.0%
145k Income 1,802.61 14.9%
146k Income 1,802.61 14.8%
147k Income 1,802.61 14.7%
148k Income 1,802.61 14.6%
149k Income 1,802.61 14.5%
150k Income 1,802.61 14.4%
151k Income 1,802.61 14.3%
152k Income 1,802.61 14.2%
153k Income 1,802.61 14.1%
154k Income 1,802.61 14.0%
155k Income 1,802.61 14.0%
156k Income 1,802.61 13.9%
157k Income 1,802.61 13.8%
158k Income 1,802.61 13.7%
159k Income 1,802.61 13.6%
160k Income 1,802.61 13.5%
161k Income 1,802.61 13.4%
162k Income 1,802.61 13.4%
163k Income 1,802.61 13.3%
164k Income 1,802.61 13.2%
165k Income 1,802.61 13.1%
166k Income 1,802.61 13.0%
167k Income 1,802.61 13.0%
168k Income 1,802.61 12.9%
169k Income 1,802.61 12.8%
170k Income 1,802.61 12.7%
171k Income 1,802.61 12.6%
172k Income 1,802.61 12.6%
173k Income 1,802.61 12.5%
174k Income 1,802.61 12.4%
175k Income 1,802.61 12.4%
176k Income 1,802.61 12.3%
177k Income 1,802.61 12.2%
178k Income 1,802.61 12.2%
179k Income 1,802.61 12.1%
180k Income 1,802.61 12.0%
181k Income 1,802.61 12.0%
182k Income 1,802.61 11.9%
183k Income 1,802.61 11.8%
184k Income 1,802.61 11.8%
185k Income 1,802.61 11.7%
186k Income 1,802.61 11.6%
187k Income 1,802.61 11.6%
188k Income 1,802.61 11.5%
189k Income 1,802.61 11.4%
190k Income 1,802.61 11.4%
191k Income 1,802.61 11.3%
192k Income 1,802.61 11.3%
193k Income 1,802.61 11.2%
194k Income 1,802.61 11.2%
195k Income 1,802.61 11.1%
196k Income 1,802.61 11.0%
197k Income 1,802.61 11.0%
198k Income 1,802.61 10.9%
199k Income 1,802.61 10.9%
200k Income 1,802.61 10.8%
201k Income 1,802.61 10.8%