# If I Make \$80,000 A Year How Much House Can I Afford?

– If you earn \$80,000 a year, you can buy a house that costs approximately \$447,076 before taxes and insurance are taken into consideration. To receive a more exact estimate, please use our home affordability calculator with amortization schedule provided below.

As a result, if you earn \$80,000 per year, you should be looking at properties with prices ranging from \$240,000 to \$320,000. You can further narrow this range by determining a monthly mortgage payment that is comfortable for you. If you want to accomplish this, take your monthly after-tax income and deduct any existing debt payments from it. Then multiply that figure by 25%.

• According to a basic rule of thumb, to determine how much house you can buy, multiply your yearly gross income by a ratio of 2.5 – 4.
• In the case of an income of \$80,000 per year, you may afford a home ranging from \$200,000 to \$320,000.
• The 28/36 Rule is a rule that governs the ratio of 28 to 36.
• It’s also possible to compute your monthly mortgage payments using the 28 percent – 36 percent formula, which is based on your income and expenditures.