Qualification Guide

Based on a 5yr rate @ 2.79% and 25yr or 30yr amortization

Mortgage Amount Down Payment < 20%
25yr Amortization
Down Payment > 20%
30yr Amortization
Monthly Payment Income Required Monthly Payment Income Required
200,000 $925 $43,000 $819 $39,000
225,000 $1,041 $46,000 $921 $42,000
250,000 $1,156 $50,000 $1,024 $46,000
275,000 $1,272 $54,000 $1,126 $49,000
300,000 $1,388 $58,000 $1,229 $53,000
325,000 $1,503 $62,000 $1,331 $56,000
350,000 $1,619 $66,000 $1,433 $60,000
375,000 $1,735 $70,000 $1,536 $63,000
400,000 $1,850 $74,000 $1,638 $67,000
425,000 $1,966 $78,000 $1,740 $70,000
450,000 $2,081 $86,000 $1,843 $74,000
475,000 $2,197 $90,000 $1,945 $77,000
500,000 $2,313 $94,000 $2,048 $81,000
525,000 $2,428 $98,000 $2,150 $84,000
550,000 $2,544 $102,000 $2,252 $88,000
575,000 $2,660 $106,000 $2,355 $92,000
Mortgage Amount Down Payment < 20%
25yr Amortization
Down Payment > 20%
30yr Amortization
Monthly Payment Income Required Monthly Payment Income Required
600,000 $2,775 $110,000 $2,457 $95,000
625,000 $2,891 $114,000 $2,559 $99,000
650,000 $3,007 $122,000 $2,662 $102,000
675,000 $3,122 $126,000 $2,764 $106,000
700,000 $3,238 $130,000 $2,867 $109,000
725,000 $3,353 $134,000 $2,969 $113,000
750,000 $3,469 $138,000 $3,071 $116,000
775,000 $3,585 $142,000 $3,174 $120,000
800,000 $3,700 $146,000 $3,276 $123,000
825,000 $3,816 $150,000 $3,378 $127,000
850,000 $3,932 $154,000 $3,481 $130,000
875,000 $4,047 $158,000 $3,583 $134,000
900,000 $4,163 $162,000 $3,686 $137,000
925,000 $4,278 $166,000 $3,788 $141,000
950,000 $4,394 $170,000 $3,890 $144,000
975,000 $4,510 $174,000 $3,993 $148,000
1,000,000 $4,625 $178,000 $4,095 $151,000

You may qualify for a higher mortgage depending on credit score and other factors. Individuals with higher than average debt levels may qualify for less.