Thu, April 24, 2025
[ Thu, Apr 24th ]: WGME
Existing-home sales retreat, prices keep rising
[ Thu, Apr 24th ]: KITV
'It was worth the wait!': Native Hawaiians awarded 91 homes on Maui
[ Thu, Apr 24th ]: news4sanantonio
Squatter nightmare ends: Northwest side home finally vacated but damage lingers
[ Thu, Apr 24th ]: BBC
New rules for multiple occupation homes in North Lincolnshire
[ Thu, Apr 24th ]: Fortune
Current mortgage rates report for April 23, 2025: Rates head upward again
Wed, April 23, 2025
[ Wed, Apr 23rd ]: fox6now
Racine home invasion ends in gunfire; 42-year-old man in custody
[ Wed, Apr 23rd ]: KIRO
Seattle leads U.S. in concessions for home buyers as housing demand slows
[ Wed, Apr 23rd ]: ThePrint
Security Through Ownership: The Emotional Safety Net Redefining Luxury Homebuying in Delhi-NCR
[ Wed, Apr 23rd ]: Fortune
Current mortgage rates report for April 17, 2025: Elevated rates holding steady
[ Wed, Apr 23rd ]: KITV
Former Boeing executive questioned over plans to rebuild Front Street home
[ Wed, Apr 23rd ]: WHIO
Fire destroys area home, dog escapes
Tue, April 22, 2025
[ Tue, Apr 22nd ]: ThePrint
Bajaj Finserv Introduces Blockbuster EMI Days - Save Up to 55% on Top Appliances
[ Tue, Apr 22nd ]: Fortune
Current mortgage rates report for April 22, 2025: .. ates hold steady, slightly down from recent highs
[ Tue, Apr 22nd ]: Patch
Home Sales Skyrocket | Hacked Crosswalks Mock Musk, Zuckerberg: CA Business News
Mon, April 21, 2025
[ Mon, Apr 21st ]: Vogue
Prada to Buy Versace from Capri
[ Mon, Apr 21st ]: Fortune
Current mortgage rates report for April 11, 2025: Interest rates continue their rapid rise
[ Mon, Apr 21st ]: NewsNation
44% of home sellers are giving concessions to buyers: Redfin
[ Mon, Apr 21st ]: WFTV
Church-turned-townhome hits market
[ Mon, Apr 21st ]: wjla
How to prepare your home for sale: 4 steps to follow
[ Mon, Apr 21st ]: WYFF
Wanted 'violent offender' found hiding inside home's ventilation system, deputies say
[ Mon, Apr 21st ]: ThePrint
Luxury That Lasts: How Premium Luxury Projects Are Becoming Family Heirlooms
[ Mon, Apr 21st ]: PBS
NJ Spotlight News | NJ's housing market is booming. How long will it last? | Season 2021
Sun, April 20, 2025
[ Sun, Apr 20th ]: Fortune
Current mortgage rates report for April 16, 2025: Rates take a small dip after rapid increase
[ Sun, Apr 20th ]: InStyle
There Is a "Mysterious Property" Right Next to Ka .. leton and Prince William's Home, Adelaide Cottage
[ Sun, Apr 20th ]: NewsNation
Baby boomers are buying more homes than millennials
[ Sun, Apr 20th ]: KITV
Mattress catching on fire leads to cottage fire at a Kaimuki home
[ Sun, Apr 20th ]: 13abc
Boards removed from doors on Havre Street home
[ Sun, Apr 20th ]: WJZY
Here's where home prices have dropped the most since 2024
[ Sun, Apr 20th ]: PBS
NJ Spotlight News | Housing market adjustment due to interest rates, inventory | Season 2022
Sat, April 19, 2025
[ Sat, Apr 19th ]: BBC
Stately home restoration shows life 'downstairs'
[ Sat, Apr 19th ]: WHIO
2 found dead in Troy home, police investigate
[ Sat, Apr 19th ]: Newsweek
Donald Trump gets bad news from Americans about housing market
Fri, April 18, 2025
[ Fri, Apr 18th ]: deseret
Congress report card: First 100 days
[ Fri, Apr 18th ]: CNN
24 home finds from this year's HGTV Smart Home we .. rrently eyeing, starting at $30 | CNN Underscored
[ Fri, Apr 18th ]: WGME
Should I get a home warranty? Are they worth it?
[ Fri, Apr 18th ]: KUTV
Salt Lake City Mortgages | News, Weather, Sports, Breaking News
Thu, April 17, 2025
[ Thu, Apr 17th ]: abc7NY
Crews battle massive fire at Morris County home for third time in a week
Wed, April 16, 2025
[ Wed, Apr 16th ]: news4sanantonio
San Antonio Mortgages | News, Weather, Sports, Breaking News
[ Wed, Apr 16th ]: wjla
Arlington Mortgages | News, Weather, Sports, Breaking News
[ Wed, Apr 16th ]: GEEKSPIN
New York City Housing Costs Soar to World's Second Highest
[ Wed, Apr 16th ]: Fortune
How much do you need to make to afford a $1 million house? We'll help you do the math
[ Wed, Apr 16th ]: WGME
Portland Mortgages | News, Weather, Sports, Breaking News
[ Wed, Apr 16th ]: fox6now
Milwaukee house fire near 9th and Ring; cause under investigation
[ Wed, Apr 16th ]: WBAY
Family of child who died in New Holstein house fire opens GoFundMe for fire-related expenses
Fri, April 11, 2025
[ Fri, Apr 11th ]: Hoodline
Palm Coast House Fire Results in Tragic Pet Loss and Resident Hospitalization
[ Fri, Apr 11th ]: Today
Former NFL star Richard Sherman says house was robbed at gunpoint while wife, kids were home
[ Fri, Apr 11th ]: AOL
Nine-year-old girl keeps her cool and calls 911 during attempted home invasion
[ Fri, Apr 11th ]: Forbes
Housing Market Predictions For 2025: When Will Home Prices Drop?

How much do you need to make to afford a $1 million house? We'll help you do the math

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We'll break down the 28/36 rule, consider whether you might need a jumbo loan, and consider how much house $1 million actually buys.
To afford a $1 million home, a buyer typically needs an annual income of around $220,000, according to an analysis by Fortune. This figure is based on a 20% down payment, a 30-year fixed mortgage at a 7% interest rate, and the assumption that housing costs should not exceed 30% of gross income. The calculation also factors in property taxes, homeowners insurance, and mortgage insurance if the down payment is less than 20%. The required income can vary significantly depending on local property taxes, insurance rates, and other regional costs, but the $220,000 benchmark provides a general guideline for prospective buyers in the current economic climate.

Read the Full Fortune Article at:
[ https://fortune.com/article/how-much-income-do-you-need-to-afford-1-million-home/ ]