how much income do i need for an $87k mortgage?

Posted on Sep 29, 2012 in FHA Information

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Question by Jeremy: how much income do i need for an k mortgage?
i’m thinking about getting a house and i made an offer but i’m not sure if i have enough income. the mortgage would be for 30 ys and the rate is 5.5%

i currently have $ 25, ambulance 800 income after taxes. . . is this enough?

please help; i can’t find any calculators or anything that would tell me

btw, it is a fha mortgage w/ 3.5% down

Best answer:

Answer by Luke
you need an income of $ 33,000

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