# Question: How Much Do I Need To Make To Buy A 500k House?

A generally accepted rule of thumb is that your mortgage shouldn’t be more than three times your annual income.

So if you make \$165,000 in household income, a \$500,000 house is the very most you should get.

## How much do I need to make to buy a 600k house?

Income to Afford a \$600,000 House

Down Payment3.75%4.75%
\$0\$119,087\$134,138
\$30,000\$113,133\$127,431
\$60,000\$107,178\$120,724
\$90,000\$101,224\$114,017

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## How much do I need to make to buy a 400k house?

To afford a \$400,000 house, for example, you need about \$55,600 in cash if you put 10% down. With a 4.25% 30-year mortgage, your monthly income should be at least \$8178 and (if your income is \$8178) your monthly payments on existing debt should not exceed \$981.

## What income do you need for a 800000 mortgage?

To afford a house that costs \$800,000 with a down payment of \$160,000, you’d need to earn \$138,977 per year before tax. The monthly mortgage payment would be \$3,243. Salary needed for 800,000 dollar mortgage.

## What is the monthly payment on a 500k mortgage?

This calculates the monthly payment of a \$500k mortgage based on the amount of the loan, interest rate, and the loan length. It assumes a fixed rate mortgage, rather than variable, balloon, or ARM.

30 Year \$500,000 Mortgage Loan.

RatePayment
0.01%\$1,390.98
0.02%\$1,393.07
0.03%\$1,395.17
0.04%\$1,397.26

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