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How much would the mortgage payment be on a $125K house? Assuming you have a 20% down payment ($25,000), your total mortgage on a $125,000 home would be $100,000. For a 30-year fixed mortgage with a 3.5% interest rate, you would be looking at a $449 monthly payment.

Simply take your gross income and multiply it by 2.5 or 3, to get the maximum value of the home you can afford. For somebody making $100,000 a year, the maximum purchase price on a new home should be somewhere between $250,000 and $300,000.

To afford a $400,000 house, for example, you need about $55,600 in cash if you put 10% down. With a 4.25% 30-year mortgage, your monthly income should be at least $8178 and (if your income is $8178) your monthly payments on existing debt should not exceed $981.

The Basic House Payment Calculations Most Lenders Won't Share. Now that you're familiar with PITI and DTI, you're ready for this simple truth: for each $100,000 you borrow, expect a monthly mortgage payment, or PITI, of $725.

How much would the mortgage payment be on a $30K house? Assuming you have a 20% down payment ($6,000), your total mortgage on a $30,000 home would be $24,000. For a 30-year fixed mortgage with a 3.5% interest rate, you would be looking at a $108 monthly payment.

How much would the mortgage payment be on a $30K house? Assuming you have a 20% down payment ($6,000), your total mortgage on a $30,000 home would be $24,000. For a 30-year fixed mortgage with a 3.5% interest rate, you would be looking at a $108 monthly payment.

How much do you need to make to be able to afford a house that costs $350,000? To afford a house that costs $350,000 with a down payment of $70,000, you'd need to earn $52,225 per year before tax. The monthly mortgage payment would be $1,219. Salary needed for 350,000 dollar mortgage.

Assuming an average 6% interest rate on a 30-year fixed-rate mortgage, your mortgage payments will be about $650 for every $100,000 borrowed.

The Basic House Payment Calculations Most Lenders Won't Share. Now that you're familiar with PITI and DTI, you're ready for this simple truth: for each $100,000 you borrow, expect a monthly mortgage payment, or PITI, of $725.