Income Needed for House Calculator
How much do you need to make to be able to afford a house?
|Term of Loan|
|Pct of Income
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This page will calculate how much you need to make to be able to afford a house that costs a certain price.
This calculator is for fixed-rate mortgages. Adjustable-rate mortgages, or ARMs, may allow you to acheive lower payments in the short term. However, with ARMs, your monthly payment may increase if interest rates rise.
Note: 28% is the standard percentage of pre-tax income to spend on housing.