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2. Here’s how much you need to make to afford a $400,000 ... - AOL

   www.aol.com/finance/much-afford-400-000-house...

   A common rule of thumb suggests you need to make $100,000 or more to afford a $400,000 home. But it all depends on your down payment and more.

3. Mortgage calculator - Wikipedia

   en.wikipedia.org/wiki/Mortgage_calculator

   A lender will compare the person's total monthly income and total monthly debt load. A mortgage calculator can help to add up all income sources and compare this to all monthly debt payments. [ citation needed ] It can also factor in a potential mortgage payment and other associated housing costs ( property taxes , homeownership dues, etc.).

4. Here’s how much you need to make to afford a $1 million house ...

   www.aol.com/finance/much-afford-1-million-house...

   The income needed to afford a $1 million home will depend on factors including your down payment amount, whether you have to pay for private mortgage insurance—which you typically will if your ...

5. Housing affordability index - Wikipedia

   en.wikipedia.org/wiki/Housing_Affordability_Index

   A value of 100 means that a family with the median income has exactly enough income to qualify for a mortgage on a median-priced home. An index above 100 signifies that family earning the median income has more than enough income to qualify for a mortgage loan on a median-priced home, assuming a 20% down payment and a qualifying ratio of 25%.

6. FHA insured loan - Wikipedia

   en.wikipedia.org/wiki/FHA_insured_loan

   Second, the potential lender assesses the prospective home buyer for risk. The analysis of one's debt-to-income ratio enables the buyer to know what type of home can be afforded based on monthly income and expenses and is one risk metric considered by the lender. Other factors, e.g. payment history on other debts, are considered and used to ...

7. 5 popular budgeting strategies — and how to find the best fit ...

   www.aol.com/finance/budgeting-strategies...

   Use a calculator to see how much you should spend per category based on your income — simply multiply your take-home pay by 0.50, 0.30 and 0.20 to understand how much you have for each of the ...