What Salary Do You Need for a 600K House

Buying a house is a major financial decision and before making one, it is important to understand the salary needed to afford it. This article discusses the salary needed to comfortably afford a 600K house. To calculate affordability, factors like income, expenses, and debt should be taken into account. It is recommended to make a 20% down payment and secure a 30-year fixed-rate mortgage with an interest rate of 3.5%. The total monthly expenses associated with a 600K house is approximately $2,323, and a salary of at least $83,628 is recommended to comfortably afford it.

Continue to full article

Join The Discussion

Compare listings