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  2. How Much Income You Need To Afford a $250K, $500K or $1M House

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    You would need to earn $21,450 per month to keep up with a $6,006 per month mortgage payment if you use the 28% rule. That comes to an annual income of $257,400.

  3. This is how much money you need to earn annually to ... - AOL

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    How much income do I need to afford a $400,000 house? We’re going to walk through a couple examples further down in this piece that place the yearly salary needed to afford the mortgage payment ...

  4. How Much House Can You Afford on One Income? - AOL

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    Having enough for a 20% downpayment doesn’t mean that you can then afford the mortgage, property taxes, insurance, and other costs on an ongoing basis. ... One rule of thumb is to set aside 1-4% ...

  5. How Much House Can You Afford? - AOL

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    The 28/36 rule is a rule of thumb for managing your finances and a valuable tool in determining how much house you can afford. The rule says that you should dedicate no more than 28% of your ...

  6. How To Use the 28/36 Rule To Determine How Much House ... - AOL

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    Some mortgage lenders actually use the debt-to-income ratio when deciding if they should approve you for a mortgage. The 28/36 rule isn’t a strict guideline and can be flexible based on your ...

  7. How much house can I afford? Here’s how to do the math. - AOL

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    As an example, let’s assume a prospective homebuyer has a gross annual household income of $100,000, monthly debt payments of $500, and a $10,000 down payment.

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