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. 7.17% APR for 30 Years with a $68,600 Down Payment
Annual Income Monthly Payment % of Income Spent on Mortgage
20k Income 1,857.03 111.4%
21k Income 1,857.03 106.1%
22k Income 1,857.03 101.3%
23k Income 1,857.03 96.9%
24k Income 1,857.03 92.9%
25k Income 1,857.03 89.1%
26k Income 1,857.03 85.7%
27k Income 1,857.03 82.5%
28k Income 1,857.03 79.6%
29k Income 1,857.03 76.8%
30k Income 1,857.03 74.3%
31k Income 1,857.03 71.9%
32k Income 1,857.03 69.6%
33k Income 1,857.03 67.5%
34k Income 1,857.03 65.5%
35k Income 1,857.03 63.7%
36k Income 1,857.03 61.9%
37k Income 1,857.03 60.2%
38k Income 1,857.03 58.6%
39k Income 1,857.03 57.1%
40k Income 1,857.03 55.7%
41k Income 1,857.03 54.4%
42k Income 1,857.03 53.1%
43k Income 1,857.03 51.8%
44k Income 1,857.03 50.6%
45k Income 1,857.03 49.5%
46k Income 1,857.03 48.4%
47k Income 1,857.03 47.4%
48k Income 1,857.03 46.4%
49k Income 1,857.03 45.5%
50k Income 1,857.03 44.6%
51k Income 1,857.03 43.7%
52k Income 1,857.03 42.9%
53k Income 1,857.03 42.0%
54k Income 1,857.03 41.3%
55k Income 1,857.03 40.5%
56k Income 1,857.03 39.8%
57k Income 1,857.03 39.1%
58k Income 1,857.03 38.4%
59k Income 1,857.03 37.8%
60k Income 1,857.03 37.1%
61k Income 1,857.03 36.5%
62k Income 1,857.03 35.9%
63k Income 1,857.03 35.4%
64k Income 1,857.03 34.8%
65k Income 1,857.03 34.3%
66k Income 1,857.03 33.8%
67k Income 1,857.03 33.3%
68k Income 1,857.03 32.8%
69k Income 1,857.03 32.3%
70k Income 1,857.03 31.8%
71k Income 1,857.03 31.4%
72k Income 1,857.03 31.0%
73k Income 1,857.03 30.5%
74k Income 1,857.03 30.1%
75k Income 1,857.03 29.7%
76k Income 1,857.03 29.3%
77k Income 1,857.03 28.9%
78k Income 1,857.03 28.6%
79k Income 1,857.03 28.2%
80k Income 1,857.03 27.9%
81k Income 1,857.03 27.5%
82k Income 1,857.03 27.2%
83k Income 1,857.03 26.8%
84k Income 1,857.03 26.5%
85k Income 1,857.03 26.2%
86k Income 1,857.03 25.9%
87k Income 1,857.03 25.6%
88k Income 1,857.03 25.3%
89k Income 1,857.03 25.0%
90k Income 1,857.03 24.8%
91k Income 1,857.03 24.5%
92k Income 1,857.03 24.2%
93k Income 1,857.03 24.0%
94k Income 1,857.03 23.7%
95k Income 1,857.03 23.5%
96k Income 1,857.03 23.2%
97k Income 1,857.03 23.0%
98k Income 1,857.03 22.7%
99k Income 1,857.03 22.5%
100k Income 1,857.03 22.3%
101k Income 1,857.03 22.1%
102k Income 1,857.03 21.8%
103k Income 1,857.03 21.6%
104k Income 1,857.03 21.4%
105k Income 1,857.03 21.2%
106k Income 1,857.03 21.0%
107k Income 1,857.03 20.8%
108k Income 1,857.03 20.6%
109k Income 1,857.03 20.4%
110k Income 1,857.03 20.3%
Annual Income Monthly Payment % of Income Spent on Mortgage
111k Income 1,857.03 20.1%
112k Income 1,857.03 19.9%
113k Income 1,857.03 19.7%
114k Income 1,857.03 19.5%
115k Income 1,857.03 19.4%
116k Income 1,857.03 19.2%
117k Income 1,857.03 19.0%
118k Income 1,857.03 18.9%
119k Income 1,857.03 18.7%
120k Income 1,857.03 18.6%
121k Income 1,857.03 18.4%
122k Income 1,857.03 18.3%
123k Income 1,857.03 18.1%
124k Income 1,857.03 18.0%
125k Income 1,857.03 17.8%
126k Income 1,857.03 17.7%
127k Income 1,857.03 17.5%
128k Income 1,857.03 17.4%
129k Income 1,857.03 17.3%
130k Income 1,857.03 17.1%
131k Income 1,857.03 17.0%
132k Income 1,857.03 16.9%
133k Income 1,857.03 16.8%
134k Income 1,857.03 16.6%
135k Income 1,857.03 16.5%
136k Income 1,857.03 16.4%
137k Income 1,857.03 16.3%
138k Income 1,857.03 16.1%
139k Income 1,857.03 16.0%
140k Income 1,857.03 15.9%
141k Income 1,857.03 15.8%
142k Income 1,857.03 15.7%
143k Income 1,857.03 15.6%
144k Income 1,857.03 15.5%
145k Income 1,857.03 15.4%
146k Income 1,857.03 15.3%
147k Income 1,857.03 15.2%
148k Income 1,857.03 15.1%
149k Income 1,857.03 15.0%
150k Income 1,857.03 14.9%
151k Income 1,857.03 14.8%
152k Income 1,857.03 14.7%
153k Income 1,857.03 14.6%
154k Income 1,857.03 14.5%
155k Income 1,857.03 14.4%
156k Income 1,857.03 14.3%
157k Income 1,857.03 14.2%
158k Income 1,857.03 14.1%
159k Income 1,857.03 14.0%
160k Income 1,857.03 13.9%
161k Income 1,857.03 13.8%
162k Income 1,857.03 13.8%
163k Income 1,857.03 13.7%
164k Income 1,857.03 13.6%
165k Income 1,857.03 13.5%
166k Income 1,857.03 13.4%
167k Income 1,857.03 13.3%
168k Income 1,857.03 13.3%
169k Income 1,857.03 13.2%
170k Income 1,857.03 13.1%
171k Income 1,857.03 13.0%
172k Income 1,857.03 13.0%
173k Income 1,857.03 12.9%
174k Income 1,857.03 12.8%
175k Income 1,857.03 12.7%
176k Income 1,857.03 12.7%
177k Income 1,857.03 12.6%
178k Income 1,857.03 12.5%
179k Income 1,857.03 12.4%
180k Income 1,857.03 12.4%
181k Income 1,857.03 12.3%
182k Income 1,857.03 12.2%
183k Income 1,857.03 12.2%
184k Income 1,857.03 12.1%
185k Income 1,857.03 12.0%
186k Income 1,857.03 12.0%
187k Income 1,857.03 11.9%
188k Income 1,857.03 11.9%
189k Income 1,857.03 11.8%
190k Income 1,857.03 11.7%
191k Income 1,857.03 11.7%
192k Income 1,857.03 11.6%
193k Income 1,857.03 11.5%
194k Income 1,857.03 11.5%
195k Income 1,857.03 11.4%
196k Income 1,857.03 11.4%
197k Income 1,857.03 11.3%
198k Income 1,857.03 11.3%
199k Income 1,857.03 11.2%
200k Income 1,857.03 11.1%
201k Income 1,857.03 11.1%