Curious about how much income you need to buy a $400,000 home? 💡 Learn how banks calculate your mortgage payments so you can know how much you can pre approved for ! 📊 On average, your monthly payment will be around $3,400. 💰 Now let's say have monthly debts totaling $1,000 per month we'll multiply your total monthly debt by 2 💵 You will need about $8,800/month of income to qualify for a 400k home 📈 Follow me for more insightful tips on real estate finance!