Or a two million dollar home. I know dumb question,I am just curious,
So what income must I make. Please estimate. Like 400,000 a year or what?
The rule of thumb is that your loan amount should be 3 times your gross yearly salary. Thus if your bought a million dollar home and put down 20% ($200k) you would need to make about $266,666.
yahoo has a a great calculator for this (see link)
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