How much house can I afford on $210,000 a year?
A home up to about
$745,840
On $210,000 a year, you could afford a home up to about $745,840 with a 20% down payment of $149,168. The mortgage payment would be about $4,066 a month, or $4,900 with property tax and home insurance.
- Down payment
- $149,168
- Mortgage
- $596,672
- Payment a month
- $4,066
What it costs each month
| Mortgage payment | $4,066 |
| Property tax | $684 |
| Home insurance | $150 |
| Total | $4,900 |
|---|
How your down payment changes it
| Saved for a down payment | Home up to | Mortgage | Payment a month |
|---|---|---|---|
| $30,501 (5%) | $610,012 | $579,511 | $3,949 |
| $63,972 (10%) | $639,717 | $575,745 | $3,924 |
| $149,168 (20%) | $745,840 | $596,672 | $4,066 |
How it’s worked out
Lenders usually keep housing costs (mortgage, property tax, insurance and PMI) under 28% of your gross income, and all your debt payments under 36%. On $210,000, that's $4,900 a month for housing.
Assumes no other debts, 1.1% property tax, $1,800 a year home insurance and 0.5% PMI below 20% down, using the 28/36 guideline. Freddie Mac’s average 30-year fixed rate was 7.24% on 29 October 2026.
- Uses the 28/36 guideline: housing costs (mortgage, property tax, insurance, PMI and HOA fees) up to 28% of gross income, and all debt payments up to 36%. Lenders can approve higher ratios, so this is a comfortable limit rather than the most you could be lent.
- Assumes all your savings go towards the down payment. Closing costs, usually a few percent of the price, are extra.
- PMI is charged while your down payment is under 20%.
Frequently asked questions
How much house can I afford on $210,000 a year?
On $210,000 a year, you could afford a home up to about $745,840 with a 20% down payment of $149,168. The mortgage payment would be about $4,066 a month, or $4,900 with property tax and home insurance.
How much down payment do I need on $210,000?
With $30,501 saved, you could buy a home up to about $610,012. With $63,972 saved, you could buy a home up to about $639,717. With $149,168 saved, you could buy a home up to about $745,840.