Can I Afford a 343k House?

Use the calculator to see if you can afford a 343,000 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 343k House? How much do I need to make to buy a $343000 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 $343,000 Home. 6.88% APR for 30 Years with a $68,600 Down Payment
Annual Income Monthly Payment % of Income Spent on Mortgage
20k Income 1,803.53 108.2%
21k Income 1,803.53 103.1%
22k Income 1,803.53 98.4%
23k Income 1,803.53 94.1%
24k Income 1,803.53 90.2%
25k Income 1,803.53 86.6%
26k Income 1,803.53 83.2%
27k Income 1,803.53 80.2%
28k Income 1,803.53 77.3%
29k Income 1,803.53 74.6%
30k Income 1,803.53 72.1%
31k Income 1,803.53 69.8%
32k Income 1,803.53 67.6%
33k Income 1,803.53 65.6%
34k Income 1,803.53 63.7%
35k Income 1,803.53 61.8%
36k Income 1,803.53 60.1%
37k Income 1,803.53 58.5%
38k Income 1,803.53 57.0%
39k Income 1,803.53 55.5%
40k Income 1,803.53 54.1%
41k Income 1,803.53 52.8%
42k Income 1,803.53 51.5%
43k Income 1,803.53 50.3%
44k Income 1,803.53 49.2%
45k Income 1,803.53 48.1%
46k Income 1,803.53 47.0%
47k Income 1,803.53 46.0%
48k Income 1,803.53 45.1%
49k Income 1,803.53 44.2%
50k Income 1,803.53 43.3%
51k Income 1,803.53 42.4%
52k Income 1,803.53 41.6%
53k Income 1,803.53 40.8%
54k Income 1,803.53 40.1%
55k Income 1,803.53 39.3%
56k Income 1,803.53 38.6%
57k Income 1,803.53 38.0%
58k Income 1,803.53 37.3%
59k Income 1,803.53 36.7%
60k Income 1,803.53 36.1%
61k Income 1,803.53 35.5%
62k Income 1,803.53 34.9%
63k Income 1,803.53 34.4%
64k Income 1,803.53 33.8%
65k Income 1,803.53 33.3%
66k Income 1,803.53 32.8%
67k Income 1,803.53 32.3%
68k Income 1,803.53 31.8%
69k Income 1,803.53 31.4%
70k Income 1,803.53 30.9%
71k Income 1,803.53 30.5%
72k Income 1,803.53 30.1%
73k Income 1,803.53 29.6%
74k Income 1,803.53 29.2%
75k Income 1,803.53 28.9%
76k Income 1,803.53 28.5%
77k Income 1,803.53 28.1%
78k Income 1,803.53 27.7%
79k Income 1,803.53 27.4%
80k Income 1,803.53 27.1%
81k Income 1,803.53 26.7%
82k Income 1,803.53 26.4%
83k Income 1,803.53 26.1%
84k Income 1,803.53 25.8%
85k Income 1,803.53 25.5%
86k Income 1,803.53 25.2%
87k Income 1,803.53 24.9%
88k Income 1,803.53 24.6%
89k Income 1,803.53 24.3%
90k Income 1,803.53 24.0%
91k Income 1,803.53 23.8%
92k Income 1,803.53 23.5%
93k Income 1,803.53 23.3%
94k Income 1,803.53 23.0%
95k Income 1,803.53 22.8%
96k Income 1,803.53 22.5%
97k Income 1,803.53 22.3%
98k Income 1,803.53 22.1%
99k Income 1,803.53 21.9%
100k Income 1,803.53 21.6%
101k Income 1,803.53 21.4%
102k Income 1,803.53 21.2%
103k Income 1,803.53 21.0%
104k Income 1,803.53 20.8%
105k Income 1,803.53 20.6%
106k Income 1,803.53 20.4%
107k Income 1,803.53 20.2%
108k Income 1,803.53 20.0%
109k Income 1,803.53 19.9%
110k Income 1,803.53 19.7%
Annual Income Monthly Payment % of Income Spent on Mortgage
111k Income 1,803.53 19.5%
112k Income 1,803.53 19.3%
113k Income 1,803.53 19.2%
114k Income 1,803.53 19.0%
115k Income 1,803.53 18.8%
116k Income 1,803.53 18.7%
117k Income 1,803.53 18.5%
118k Income 1,803.53 18.3%
119k Income 1,803.53 18.2%
120k Income 1,803.53 18.0%
121k Income 1,803.53 17.9%
122k Income 1,803.53 17.7%
123k Income 1,803.53 17.6%
124k Income 1,803.53 17.5%
125k Income 1,803.53 17.3%
126k Income 1,803.53 17.2%
127k Income 1,803.53 17.0%
128k Income 1,803.53 16.9%
129k Income 1,803.53 16.8%
130k Income 1,803.53 16.6%
131k Income 1,803.53 16.5%
132k Income 1,803.53 16.4%
133k Income 1,803.53 16.3%
134k Income 1,803.53 16.2%
135k Income 1,803.53 16.0%
136k Income 1,803.53 15.9%
137k Income 1,803.53 15.8%
138k Income 1,803.53 15.7%
139k Income 1,803.53 15.6%
140k Income 1,803.53 15.5%
141k Income 1,803.53 15.3%
142k Income 1,803.53 15.2%
143k Income 1,803.53 15.1%
144k Income 1,803.53 15.0%
145k Income 1,803.53 14.9%
146k Income 1,803.53 14.8%
147k Income 1,803.53 14.7%
148k Income 1,803.53 14.6%
149k Income 1,803.53 14.5%
150k Income 1,803.53 14.4%
151k Income 1,803.53 14.3%
152k Income 1,803.53 14.2%
153k Income 1,803.53 14.1%
154k Income 1,803.53 14.1%
155k Income 1,803.53 14.0%
156k Income 1,803.53 13.9%
157k Income 1,803.53 13.8%
158k Income 1,803.53 13.7%
159k Income 1,803.53 13.6%
160k Income 1,803.53 13.5%
161k Income 1,803.53 13.4%
162k Income 1,803.53 13.4%
163k Income 1,803.53 13.3%
164k Income 1,803.53 13.2%
165k Income 1,803.53 13.1%
166k Income 1,803.53 13.0%
167k Income 1,803.53 13.0%
168k Income 1,803.53 12.9%
169k Income 1,803.53 12.8%
170k Income 1,803.53 12.7%
171k Income 1,803.53 12.7%
172k Income 1,803.53 12.6%
173k Income 1,803.53 12.5%
174k Income 1,803.53 12.4%
175k Income 1,803.53 12.4%
176k Income 1,803.53 12.3%
177k Income 1,803.53 12.2%
178k Income 1,803.53 12.2%
179k Income 1,803.53 12.1%
180k Income 1,803.53 12.0%
181k Income 1,803.53 12.0%
182k Income 1,803.53 11.9%
183k Income 1,803.53 11.8%
184k Income 1,803.53 11.8%
185k Income 1,803.53 11.7%
186k Income 1,803.53 11.6%
187k Income 1,803.53 11.6%
188k Income 1,803.53 11.5%
189k Income 1,803.53 11.5%
190k Income 1,803.53 11.4%
191k Income 1,803.53 11.3%
192k Income 1,803.53 11.3%
193k Income 1,803.53 11.2%
194k Income 1,803.53 11.2%
195k Income 1,803.53 11.1%
196k Income 1,803.53 11.0%
197k Income 1,803.53 11.0%
198k Income 1,803.53 10.9%
199k Income 1,803.53 10.9%
200k Income 1,803.53 10.8%
201k Income 1,803.53 10.8%