67 Search Results
67 Search Results
https://www.sofi.com/learn/content/income-needed-for-a-450000-mortgage/
The income needed for a $450,000 mortgage varies based on a few factors, but generally speaking, an income of $130,000 would put you in the position to afford a $450,000 mortgage. You can estimate how much you need to make by focusing on principal and interest. Together, these two factors account for a majority of […]
https://www.sofi.com/learn/content/income-needed-for-a-500000-mortgage/
The average homebuyer needs an annual salary of about $150,000 to afford a $500,000 mortgage. However, if you have a lot of debt to your name, such as student loans or credit card debt, you may need to lower your max home price. Several factors beyond income affect how much home you can afford and […]
https://www.sofi.com/learn/content/income-needed-for-a-300000-mortgage/
An annual income of about $90,000 could allow you to afford a $300,000 mortgage, assuming you don’t have other significant debt, such as student loans. But how much house you can afford will depend on multiple factors, including credit history and how much you have saved for a down payment, to name a couple. Here’s […]
https://www.sofi.com/learn/content/income-needed-for-a-200000-mortgage/
In general, you need an income of at least $64,000 a year to afford a $200,000 mortgage. If you’re carrying significant debt, however, like student loans or high-interest credit cards, you may need to buy something slightly less expensive on such a salary. Several factors impact how much house you can afford and what lenders […]
https://www.sofi.com/learn/content/income-needed-for-a-325000-mortgage/
If you earn around $100,000 to $150,000 a year, or more, you might be in a position to afford a $325,000 mortgage. But the amount you’ll actually qualify to borrow — even if you’re in that salary range — will likely depend on several variables, including how much debt you have and your credit score. […]
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