How much house can I afford on a $150,000 salary?
On a $150,000 salary, you can afford a home priced $500,000–$650,000 with 20% down at 6.5%. Mortgage P&I runs $2,528–$3,287/month. The exact ceiling depends on your other debts, down payment, and how aggressive you're willing to be with the 28% housing-to-income rule.
More context
On a $150,000 salary, you can afford a home priced $500,000–$650,000 with 20% down at 6.5%. Mortgage P&I runs $2,528–$3,287/month. The exact ceiling depends on your other debts, down payment, and how aggressive you're willing to be with the 28% housing-to-income rule. The exact answer depends on your specific situation — the numbers above are a strong starting point, but the right next step is to plug in your actual figures.
For a deeper analysis, use one of the related tools below — they take your specific income, debt, location, and goals as inputs and produce a tailored answer.