How much mortgage can I get on a $85,000 salary?

On a $85,000 salary, you could typically borrow $255,000 to $340,000 depending on the lender and your debt-to-income ratio. Most lenders prefer a housing DTI under 28%.

What would monthly payments be on a $85,000 salary mortgage?

Borrowing $297,500 at 6.5% over 30 years would cost approximately $1,880.40 per month (principal and interest only). Your actual rate may be higher or lower.

2025

Mortgage on $85,000 Salary

On a $85,000 salary, you could borrow between $255,000 and $340,000 for a mortgage.

Conservative (3x)

$255,000

Standard (3.5x)

$297,500

Maximum (4x)

$340,000

Monthly (6.5%)

$1,880.40

Your Income Details

Calculate how much you can borrow for 2025

Your Annual Salary

Partner's Annual Salary (optional)

Down Payment Available

Interest Rate (%)

Mortgage Term (years)

What You Could Afford

Based on $85,000 combined income

$347,500

Maximum Home Price (3.5x)

You Could Borrow

$297,500

Monthly Payment

$1,880.40

Conservative (3x)$305,000

Standard (3.5x)$347,500

Maximum (4x)$390,000

Down Payment$50,000

Loan-to-Value (LTV)

20% down avoids PMI

86%

DTI Ratio

Debt-to-income (housing)

27%

% of Take-Home

Mortgage vs net income

33%

Borrowing on $85,000

With a $85,000 salary, US lenders typically approve 3 to 4 times your annual income, depending on your credit score, debt-to-income ratio, and down payment. This means you could borrow $255,000 to $340,000. Lenders focus on your DTI ratio - ideally under 28% for housing and 36% total.

Down Payment Tips

With a $50,000 down payment, you could afford a home worth $347,500. Putting 20% down avoids Private Mortgage Insurance (PMI) and gets you better interest rates. FHA loans allow as little as 3.5% down with good credit.

Joint Application

Buying with a partner? If they also earn $85,000, your combined borrowing power would be $595,000 at 3.5x. This significantly increases what you can afford.