How Much House Can I Afford on a $30k Salary?
Using standard lending assumptions, here’s how much home you can afford on a $30k salary.
Maximum Home Price
$49,533
Loan Amount
$39,627
Monthly Principal & Interest
$250.47
Total Monthly Housing Cost
$500.00
Summary
With a $30k annual income, and using typical lender guidelines, you can generally afford a home priced around $49,533.
Assumptions Used
- 20% down payment
- 6.5% mortgage interest rate
- $400 monthly debts
- 1.2% property tax rate
- $200/month insurance & HOA
- 30-year mortgage
- 28/36 DTI rule
These are estimates — actual lending outcomes vary.