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How much do I have to earn?

Not sure how much money you’ll have to earn per year to afford your house payment and accompanying expenses? Simply fill in the boxes below, and we’ll tell you.
Annual Interest Rate Help
Term of the Loan Help
Purchase Price Help
How much can you put down? Help
Annual Real Estate Taxes Help
Annual Homeowners Insurance Help
Assessments:
lawn care, shoveling snow, etc. 		Help
Monthly Debt Obligations Help
Liquid Assets Help

*This calculator takes into account the "28/36" debt-to-income ratios many lenders use to determine how much money to lend to borrowers seeking conventional mortgages. For the 28-percent ratio, the principal, interest, taxes, assessments or other fees added to the payment must total 28 percent or less of your gross, or pre-tax, income. The 36-percent DTI ratio includes ALL your regular monthly debt payments, such as mortgage expenses, auto loans, credit cards, utilities, etc.


Disclaimer: The accuracy of the results is not guaranteed and its applicability to your circumstances. You should obtain personal advice from qualified professionals.

The results may contain statements and statistics that have been obtained from sources believed to be reliable, (including, but not limited to, information originated by Interest.com, licensed by Interest.com from information providers, or gathered by Interest.com from publicly available sources), but are not guaranteed as to accuracy, completeness, timeliness, or correct sequencing.