An annual salary of $75,000 is less than the median household income, which means you may face some challenges in finding a home that fits your budget in today’s challenging housing market. A lender ...
If you're in the market for a $400,000 home, you'll need to rake in at least six figures annually before you can even think about affording it. Depending on where you live and how much you put down, ...
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What income do I need to afford a $1 million house?
To afford a $1 million house with a 20 percent down payment and a 6.5 percent mortgage rate, you’ll need about $218,000 in annual income. A common housing-affordability guideline states that you ...
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