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Mortgage Required Income Calculator

Enter the home and your debts

$
$

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%

Ownership costs

$/ yr
$/ yr
$/ mo
% / yr

Added only when you put less than 20% down.

Your other debts

$

Car loans, student loans, minimum card payments, child support. Not rent or utilities.

Debt-to-income limits

%

Housing cost / income.

%

Housing + other debts / income.

Income you need

Gross annual income needed

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Gross monthly income needed

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Monthly housing payment

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Loan amount

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–

Monthly housing payment

Principal and interest–
Property tax–
Home insurance–
PMI–
HOA dues–

Income needed under each limit

Front-end (housing only)–
Back-end (housing + debts)–

Income needed at other interest rates

The same price, down payment, costs, debts and ratio limits at rates around the one you entered.

Interest ratePrincipal and interestHousing paymentAnnual income needed

Results are estimates for educational purposes and are not financial, tax or legal advice.

Work out the gross income a lender would want to see for a home at a given price. It adds up the full monthly housing payment and checks it against front-end and back-end debt-to-income limits. Pair this with the house affordability calculator online for a fuller picture before you make a decision.