How Much Do I Have to Make To Afford The House?
The calculator will determine the income required to qualify for the specific loan using the specified qualification ratios. If you are not sure what ratio a particular lender uses, keep the values at 28/36 which is considered more conservative for conforming loans. Please note that this calculator is only provided as a rough guideline for loan qualification. Many factors, including borrower credit history, are used by lenders in making their loan decisions.