Example of House Prices vs Income / Debt Levels
*** All Data assumes borrower has a Debt-to-Income level of less than 44% ***
| House Price | $400k | $500k | $750k | $1MM |
| Down payment | $80k | $100k | $150k | $200k |
| Income required | $80-$90k | $100k-$110k | $145k-$155k | $190k-$200k |
How to read this chart:
If you want to buy a $400k house, with a, $80k DP, you would need to have at least $80 – $90,000 annual income