TrueAffordHome Affordability by Income
What can you afford on a $40,000 salary?
A baseline estimate for a household earning $40,000 a year gross, assuming typical monthly debts and expenses, a $40,000 down payment, a 740-759 credit score, and Texas's property tax and insurance rates as a default reference point. Every one of these assumptions is editable — the full calculator below opens pre-filled with these exact numbers.
Comfortable
$90,663
Stretch
$116,771
Risky ceiling
$160,311
A lender would likely approve up to $160,311 on this income — but this household's own budget, once real expenses are counted, can only sustain $116,771. That $43,540 gap is exactly the kind of overreach this calculator exists to flag before it becomes a monthly deficit.
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