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% | $2,879/mo | $119,582/yr |
| 620+ | 7.5% | $2,796/mo | $116,828/yr |
| 660+ | 7.1% | $2,688/mo | $113,204/yr |
| 700+ | 6.7% | $2,581/mo | $109,637/yr |
| 720+ | 6.4% | $2,502/mo | $107,000/yr |
| 740+ | 6.1% | $2,423/mo | $104,399/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 $500K 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.