Income Required for a Mortgage Calculator

Buying a home starts with understanding what you can realistically afford—not just in terms of the loan amount, but the income required to support it. Our Income Required for a Mortgage Calculator helps you estimate the annual income you’ll need to qualify for the home you want, based on your loan details and monthly expenses.

How much income do I need to afford a mortgage?

Calculating the income needed for a mortgage can help you set a realistic homebuying budget. Instead of estimating how much you might be able to borrow, this approach works in reverse—starting with the loan amount and showing you how much income is needed to support it.

Our calculator estimates the annual income required to qualify for a mortgage based on your loan amount, interest rate and monthly expenses. It also factors in property taxes, homeowners insurance and HOA costs to give you a more complete picture of your potential monthly payment. This will provide you a clearer picture of what it takes to afford the home you want and plan your next steps with confidence. Then, you can use our mortgage payment calculator to get a better estimate of your average monthly payments. 

Explore Our Home Loan Options

Explore a variety of home loan options. From fixed and adjustable rate home loans and programs dedicated to first-time homebuyers to refinancing options, all of our home loans are designed to make your dream of homeownership come true. We also offer financial counseling services to help you get in a position to become a homeowner.

Contact us today to learn more about our home loan borrowing options and find the best one for you.

California Credit Union cannot and does not guarantee the accuracy or the applicability to your individual circumstances. All examples are hypothetical and are for illustrative purposes. Calculator results are estimates based on information you provided and California Credit Union does not guarantee your ability to receive these terms. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.