10/20/2026
Some general rules apply when shopping for a home. These require knowing how much you make each month (both before taxes and after) and the total of any other debts you pay monthly.
Here are a few different (but common) rules mortgage lenders use when deciding how much you can borrow. The rules refer to the percentage of your income you should put toward mortgage payments...
The salary to afford a $1 million home may range from $175,000 to $225,000, but it varies depending on several factors. Find out if you can buy a $1 million house.