The other way round from the affordability calculator: you know the house, and you want to know whether your income reaches it. Lenders test two ratios and you have to pass both, so the answer is whichever demands more.
Every debt payment that shows on your credit report. Clearing a car loan often does more for what you qualify for than a bigger down payment.
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Per year, as a percentage of the home value.
Per year.
Per month.
Charged while you owe more than 80% of the value.
The front-end ratio. Around 28–36% is typical.
The back-end ratio — housing plus every other debt.
Monthly income you would need
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- Principal & interest
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- Property tax
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- Home insurance
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- Mortgage insurance
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- HOA dues
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- Total monthly payment
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- Income needed per year
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- Down payment
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- Other debt you could still carry
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The Legacy Estates Group
How Much Income Do I Need to Qualify?
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These figures are estimates for planning only. They are not a loan offer, a quote, or advice. Interest rates, taxes, insurance, and closing costs vary by lender, property, and location. Confirm every number with your lender and a licensed professional before making a decision.
Want to know what you can actually borrow?
A lender can tell you in a few days, in writing, and it costs nothing. We can point you to one, or just answer questions.
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