On an $80,000 salary, most lenders qualify you for a home price around $350,000–$360,000, assuming a 20% down payment, a 6.8% interest rate, and a 30-year term. That's based on the standard rule of keeping your mortgage payment at or below 28% of gross monthly income — on $80k/year ($6,667/month), that caps your payment around $1,867. The calculator below is pre-filled with this scenario — adjust the rate, down payment, or term to see your own number.
How much house can I afford making $80,000 a year?
Using the standard 28% rule, a $80,000 salary ($6,667/month gross) supports a maximum mortgage payment of about $1,867/month. At a 6.8% rate, 30-year term, and 20% down, that works out to roughly a $358,000 home. A lower rate, larger down payment, or longer term can push that higher; existing debt pulls it lower.
What monthly mortgage payment can I afford on $80k?
About $1,867/month, following the rule that housing costs should stay at or below 28% of gross monthly income. Some lenders allow up to 31–36% for well-qualified borrowers, which would raise the ceiling to roughly $2,070–$2,400/month.
How much house can I afford on $80k with a smaller down payment?
With 5–10% down instead of 20%, your affordable home price drops somewhat because private mortgage insurance (PMI) eats into your payment budget — typically landing around $320,000–$340,000 instead of $358,000. FHA and conventional low-down-payment programs make this workable even though PMI adds a monthly cost.
Does my $80k salary need to cover other debts too?
Yes — lenders also check total debt-to-income (DTI), typically capped around 36–43% of gross income including the new mortgage. If you carry a car loan, student loans, or credit card payments, your affordable home price will be lower than the $358,000 estimate above. Try the Debt Snowball Calculator first if debt is a factor.