Can I Afford a 342k House?

Use the calculator to see if you can afford a 342,000 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 342k House? How much do I need to make to buy a $342000 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 $342,000 Home. 6.99% APR for 30 Years with a $68,400 Down Payment
Annual Income Monthly Payment % of Income Spent on Mortgage
20k Income 1,818.43 109.1%
21k Income 1,818.43 103.9%
22k Income 1,818.43 99.2%
23k Income 1,818.43 94.9%
24k Income 1,818.43 90.9%
25k Income 1,818.43 87.3%
26k Income 1,818.43 83.9%
27k Income 1,818.43 80.8%
28k Income 1,818.43 77.9%
29k Income 1,818.43 75.2%
30k Income 1,818.43 72.7%
31k Income 1,818.43 70.4%
32k Income 1,818.43 68.2%
33k Income 1,818.43 66.1%
34k Income 1,818.43 64.2%
35k Income 1,818.43 62.3%
36k Income 1,818.43 60.6%
37k Income 1,818.43 59.0%
38k Income 1,818.43 57.4%
39k Income 1,818.43 56.0%
40k Income 1,818.43 54.6%
41k Income 1,818.43 53.2%
42k Income 1,818.43 52.0%
43k Income 1,818.43 50.7%
44k Income 1,818.43 49.6%
45k Income 1,818.43 48.5%
46k Income 1,818.43 47.4%
47k Income 1,818.43 46.4%
48k Income 1,818.43 45.5%
49k Income 1,818.43 44.5%
50k Income 1,818.43 43.6%
51k Income 1,818.43 42.8%
52k Income 1,818.43 42.0%
53k Income 1,818.43 41.2%
54k Income 1,818.43 40.4%
55k Income 1,818.43 39.7%
56k Income 1,818.43 39.0%
57k Income 1,818.43 38.3%
58k Income 1,818.43 37.6%
59k Income 1,818.43 37.0%
60k Income 1,818.43 36.4%
61k Income 1,818.43 35.8%
62k Income 1,818.43 35.2%
63k Income 1,818.43 34.6%
64k Income 1,818.43 34.1%
65k Income 1,818.43 33.6%
66k Income 1,818.43 33.1%
67k Income 1,818.43 32.6%
68k Income 1,818.43 32.1%
69k Income 1,818.43 31.6%
70k Income 1,818.43 31.2%
71k Income 1,818.43 30.7%
72k Income 1,818.43 30.3%
73k Income 1,818.43 29.9%
74k Income 1,818.43 29.5%
75k Income 1,818.43 29.1%
76k Income 1,818.43 28.7%
77k Income 1,818.43 28.3%
78k Income 1,818.43 28.0%
79k Income 1,818.43 27.6%
80k Income 1,818.43 27.3%
81k Income 1,818.43 26.9%
82k Income 1,818.43 26.6%
83k Income 1,818.43 26.3%
84k Income 1,818.43 26.0%
85k Income 1,818.43 25.7%
86k Income 1,818.43 25.4%
87k Income 1,818.43 25.1%
88k Income 1,818.43 24.8%
89k Income 1,818.43 24.5%
90k Income 1,818.43 24.2%
91k Income 1,818.43 24.0%
92k Income 1,818.43 23.7%
93k Income 1,818.43 23.5%
94k Income 1,818.43 23.2%
95k Income 1,818.43 23.0%
96k Income 1,818.43 22.7%
97k Income 1,818.43 22.5%
98k Income 1,818.43 22.3%
99k Income 1,818.43 22.0%
100k Income 1,818.43 21.8%
101k Income 1,818.43 21.6%
102k Income 1,818.43 21.4%
103k Income 1,818.43 21.2%
104k Income 1,818.43 21.0%
105k Income 1,818.43 20.8%
106k Income 1,818.43 20.6%
107k Income 1,818.43 20.4%
108k Income 1,818.43 20.2%
109k Income 1,818.43 20.0%
110k Income 1,818.43 19.8%
Annual Income Monthly Payment % of Income Spent on Mortgage
111k Income 1,818.43 19.7%
112k Income 1,818.43 19.5%
113k Income 1,818.43 19.3%
114k Income 1,818.43 19.1%
115k Income 1,818.43 19.0%
116k Income 1,818.43 18.8%
117k Income 1,818.43 18.7%
118k Income 1,818.43 18.5%
119k Income 1,818.43 18.3%
120k Income 1,818.43 18.2%
121k Income 1,818.43 18.0%
122k Income 1,818.43 17.9%
123k Income 1,818.43 17.7%
124k Income 1,818.43 17.6%
125k Income 1,818.43 17.5%
126k Income 1,818.43 17.3%
127k Income 1,818.43 17.2%
128k Income 1,818.43 17.0%
129k Income 1,818.43 16.9%
130k Income 1,818.43 16.8%
131k Income 1,818.43 16.7%
132k Income 1,818.43 16.5%
133k Income 1,818.43 16.4%
134k Income 1,818.43 16.3%
135k Income 1,818.43 16.2%
136k Income 1,818.43 16.0%
137k Income 1,818.43 15.9%
138k Income 1,818.43 15.8%
139k Income 1,818.43 15.7%
140k Income 1,818.43 15.6%
141k Income 1,818.43 15.5%
142k Income 1,818.43 15.4%
143k Income 1,818.43 15.3%
144k Income 1,818.43 15.2%
145k Income 1,818.43 15.0%
146k Income 1,818.43 14.9%
147k Income 1,818.43 14.8%
148k Income 1,818.43 14.7%
149k Income 1,818.43 14.6%
150k Income 1,818.43 14.5%
151k Income 1,818.43 14.5%
152k Income 1,818.43 14.4%
153k Income 1,818.43 14.3%
154k Income 1,818.43 14.2%
155k Income 1,818.43 14.1%
156k Income 1,818.43 14.0%
157k Income 1,818.43 13.9%
158k Income 1,818.43 13.8%
159k Income 1,818.43 13.7%
160k Income 1,818.43 13.6%
161k Income 1,818.43 13.6%
162k Income 1,818.43 13.5%
163k Income 1,818.43 13.4%
164k Income 1,818.43 13.3%
165k Income 1,818.43 13.2%
166k Income 1,818.43 13.1%
167k Income 1,818.43 13.1%
168k Income 1,818.43 13.0%
169k Income 1,818.43 12.9%
170k Income 1,818.43 12.8%
171k Income 1,818.43 12.8%
172k Income 1,818.43 12.7%
173k Income 1,818.43 12.6%
174k Income 1,818.43 12.5%
175k Income 1,818.43 12.5%
176k Income 1,818.43 12.4%
177k Income 1,818.43 12.3%
178k Income 1,818.43 12.3%
179k Income 1,818.43 12.2%
180k Income 1,818.43 12.1%
181k Income 1,818.43 12.1%
182k Income 1,818.43 12.0%
183k Income 1,818.43 11.9%
184k Income 1,818.43 11.9%
185k Income 1,818.43 11.8%
186k Income 1,818.43 11.7%
187k Income 1,818.43 11.7%
188k Income 1,818.43 11.6%
189k Income 1,818.43 11.5%
190k Income 1,818.43 11.5%
191k Income 1,818.43 11.4%
192k Income 1,818.43 11.4%
193k Income 1,818.43 11.3%
194k Income 1,818.43 11.2%
195k Income 1,818.43 11.2%
196k Income 1,818.43 11.1%
197k Income 1,818.43 11.1%
198k Income 1,818.43 11.0%
199k Income 1,818.43 11.0%
200k Income 1,818.43 10.9%
201k Income 1,818.43 10.9%