Real bank math — not a rule of thumb. Based on 36% back-end DTI at current rates.
| Credit Score | Rate | Monthly P&I | Income Needed |
|---|---|---|---|
| 580+ | 7.8% | $1,727/mo | $71,756/yr |
| 620+ | 7.5% | $1,678/mo | $70,103/yr |
| 660+ | 7.1% | $1,612/mo | $67,929/yr |
| 700+ | 6.7% | $1,548/mo | $65,788/yr |
| 720+ | 6.4% | $1,501/mo | $64,207/yr |
| 740+ | 6.1% | $1,454/mo | $62,646/yr |
Banks approve mortgages based on your Debt-to-Income ratio (DTI) — not just income. The numbers above assume 36% back-end DTI with no other debts. If you have a car payment, student loans, or credit card minimums, your required income goes up.
Example: A $500/month car payment on a $300K mortgage means you need an additional $16,667/year in income to stay within DTI limits.
Ask Zai with your actual debts, score, and down payment for a precise answer.
🏦 Ask Zai Free → 📊 Full CalculatorNot financial advice. Rates illustrative based on market averages. Actual requirements vary by lender.