Mortgage payment

• How much income is needed to afford a $500,000 mortgage? - Your income impacts how much house you can afford and how much a lender will let you borrow. Here’s the income needed to qualify for a $500,000 mortgage loan.
• What is the monthly mortgage payment on a $200,000 house? - The monthly mortgage payment on a $200,000 loan will depend on your term length and rate. We did the math to show how much you’ll spend on a $200,000 mortgage.