What salary do you need for a $700K mortgage?
To comfortably afford a $700,000 mortgage (P&I ~$4,425/month at 6.5%), you typically need a salary of $175,000–$200,000. With minimal other debt and 20% down on the home, lenders will often approve at $150,000 — though monthly payments would be tight.
More context
To comfortably afford a $700,000 mortgage (P&I ~$4,425/month at 6.5%), you typically need a salary of $175,000–$200,000. With minimal other debt and 20% down on the home, lenders will often approve at $150,000 — though monthly payments would be tight. The exact answer depends on your specific situation — the numbers above are a strong starting point, but the right next step is to plug in your actual figures.
For a deeper analysis, use one of the related tools below — they take your specific income, debt, location, and goals as inputs and produce a tailored answer.