What income do you need for a $800000 mortgage?

Asked by Ahmed Shepard

For homes in the $800,000 range, which is in the medium-high range for most housing markets, DollarTimes’s calculator recommends buyers bring in $119,371 before tax, assuming a 30-year loan with a 3.25% interest rate. The monthly mortgage payment is estimated at $2,785.

Andrew Henderson, BA Contributor
Andrew Henderson
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