How much house can I afford on $90,000 a year?
A home up to about
$306,187
On $90,000 a year, you could afford a home up to about $306,187 with a 20% down payment of $61,238. The mortgage payment would be about $1,669 a month, or $2,100 with property tax and home insurance.
- Down payment
- $61,238
- Mortgage
- $244,949
- Payment a month
- $1,669
What it costs each month
| Mortgage payment | $1,669 |
| Property tax | $281 |
| Home insurance | $150 |
| Total | $2,100 |
|---|
How your down payment changes it
| Saved for a down payment | Home up to | Mortgage | Payment a month |
|---|---|---|---|
| $12,522 (5%) | $250,426 | $237,904 | $1,621 |
| $26,262 (10%) | $262,620 | $236,358 | $1,611 |
| $61,238 (20%) | $306,187 | $244,949 | $1,669 |
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 $90,000, that's $2,100 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 $90,000 a year?
On $90,000 a year, you could afford a home up to about $306,187 with a 20% down payment of $61,238. The mortgage payment would be about $1,669 a month, or $2,100 with property tax and home insurance.
How much down payment do I need on $90,000?
With $12,522 saved, you could buy a home up to about $250,426. With $26,262 saved, you could buy a home up to about $262,620. With $61,238 saved, you could buy a home up to about $306,187.