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Salary to Afford a
$1,700,000 House

Real bank math — what income do you actually need? Based on 36% front-end and 43% back-end DTI limits.

Minimum Annual Income Required
$290,000+
With 20% down ($340K) at 6.7% rate, 30-year fixed
Monthly Payment (PITI)
$10,850
Required Monthly Income
$24,200
Down Payment (20%)
$340,000
Loan Amount
$1,360,000
P&I Only
$8,814/mo
Min Credit Score
740+
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Educational purposes only. Rates and requirements vary by lender and credit profile.
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Run a Pre-Flight Check — See Your Approval Odds
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The part no calculator can tell you

Numbers like these tell you what you can afford. They cannot tell you whether a lender will say yes — and that varies more than almost anyone realises. In the complete 2025 federal record, approval rates across the 100 largest FHA lenders ran from 98.2% down to 21.3%. Same program, same year.

And it is not simply who applies where: holding state, loan amount, income, debt-to-income and loan-to-value constant, applicant mix explains only a 2.7× range in expected outcomes.

Which lenders approve most → Your metro's lenders → Apply to more than one? →

CFPB HMDA 2025, computed by FinanceRateCalc · rates reflect applicant mix as well as lender practice · historical observation, not a prediction · free, CC BY 4.0.

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One finding a week from the federal mortgage record.
One chart, three paragraphs, every Saturday. Measured, not assumed.
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FinanceRateCalc · Independent analysis of the complete federal HMDA record · Measured, not assumed. · No lender or AI vendor funds or previews this work.