how much home can i afford with 100k salary

Determining how much home you can afford with a $100,000 salary depends on several factors, including your monthly expenses, debts, and credit score. A general rule of thumb is that your monthly mortgage payment should not exceed 28% of your gross monthly income.

Assuming a $100,000 salary, this means your gross monthly income is approximately $8,333. Using the 28% guideline, your maximum monthly mortgage payment should be around $2,333. Keep in mind that this amount includes principal, interest, taxes, and insurance (PITI).

Other factors to consider when determining how much home you can afford include your down payment, interest rate, and loan term. A larger down payment can help reduce your monthly mortgage payment, while a lower interest rate can help you qualify for a larger loan amount.

It’s also important to consider your overall financial situation and future plans. Owning a home comes with additional expenses such as maintenance, repairs, and property taxes, so it’s important to ensure you have enough disposable income to cover these costs.


In conclusion, with a $100,000 salary, you may be able to afford a home with a maximum monthly mortgage payment of around $2,333. However, it’s important to consider all of the factors mentioned above and to work with a mortgage professional to determine a realistic budget for your unique situation.

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