A $350k mortgage with a 4.5% interest rate over 30 years and a $10k down-payment will require an annual income of $86,331 to qualify for the loan. You can calculate for even more variations in these parameters with our Mortgage Required Income Calculator.
How much income do you need to qualify for a $400 000 mortgage?
What income is required for a 400k mortgage? To afford a $400,000 house, borrowers need $55,600 in cash to put 10 percent down. With a 30-year mortgage, your monthly income should be at least $8200 and your monthly payments on existing debt should not exceed $981.