08/26/2026
Let's estimate the amount of mortgage loan your income can afford.
There are certainly more complex factors at work when it comes to qualifying for a mortgage. Based on factoring simple numbers only, using a 25 year amortization, 1% for property taxes, a 6.5% stress text interest rate, $100 a month for heat, and NO other monthly debt obligations; the amount of mortgage you can qualify is approximately 4x your income.
*condo fees or credit were NOT considered in the numbers.