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% | $4,607/mo | $191,339/yr |
| 620+ | 7.5% | $4,474/mo | $186,932/yr |
| 660+ | 7.1% | $4,301/mo | $181,133/yr |
| 700+ | 6.7% | $4,129/mo | $175,425/yr |
| 720+ | 6.4% | $4,003/mo | $171,207/yr |
| 740+ | 6.1% | $3,878/mo | $167,045/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 $800K 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.