See roughly how much house you can afford with a $80k annual income, based on standard lender assumptions and today's interest rates.
Quick answer: $243,869 – $282,226
With a $80k/year income, a realistic home price is usually around $243,869 to $282,226 depending on your debt, down payment, mortgage rate, and local housing costs.
Estimates use a 30-year fixed loan, 7.0% interest rate, 1.2% annual property tax, 0.35% annual homeowners insurance, and PMI when down payment is below 20%. Actual payments vary by location, lender, credit profile, taxes, insurance, and loan terms.
You can afford a home around
$280,000
Based on your current income, debt, and housing cost assumptions.
Monthly Housing Budget
$1,870
This appears to be within a comfortable borrowing range.
Estimated Loan Amount
$223,000
Estimated Cash Needed (Down + Closing)
$65,000
Estimates based on your inputs. Actual results may vary. Terms →
Keep track of multiple affordability setups.
| Down Payment % | Cash Needed | Max Home Price (28% DTI) |
|---|---|---|
| 5% | $11,655 | $233,104 |
| 10% | $24,387 | $243,869 |
| 20% | $56,445 | $282,226Max Power |
Using the standard 28% rule, an $80,000 salary gives you $1,866/month for housing costs. With 20% down at 7% on a 30-year loan, that safely supports a home price of approximately $250,000 to $280,000. If you have significant existing car or student loan payments, expect your max budget to sit closer to $210,000-$230,000 to ensure your total DTI stays below 36-43%.
A $300,000 house on an $80k income is possible but tight. With 20% down ($60,000) at 7%, your total monthly payment (including taxes and insurance) would be roughly $1,996/month. That equates to exactly 30% of your gross monthly income—slightly above the 28% safety rule, but commonly approved by lenders if you have no other debts.
At $80,000/year, your gross monthly income is $6,666. Most conventional lenders enforce a 28% 'front-end' debt-to-income (DTI) limit, meaning your maximum housing payment (P&I, taxes, insurance, HOA) should not exceed $1,866 per month. Always target below this ceiling.
If you are targeting a $250,000 home: an FHA 3.5% down payment is $8,750. A traditional 10% down payment is $25,000. To avoid PMI entirely (20%), you need to save $50,000. Additionally, factor in 2-3% ($5,000-$7,500) for closing costs.
Estimates based on your inputs. Actual results may vary. Terms →