Minimum base salary to afford 850k home in DFW area assuming you already have money for 20% downpayment?

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There are calculators for this online. Dallas has high property taxes which will play a large role, so you should really use a calculator. It also depends on how frugal you are in the rest of your life.

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$205,000 if your other monthly expenses are less than $2,000

It would be stretching if you made less than $205k in my opinion.

Ideally you don’t want to spend more than 30% of your gross monthly income. Property taxes are really high in some part of Texas. Assuming property taxes and insurance are around $1,500 a month, with a 30yr fixed $680k loan at 6% interest, you’ll need to make $223k to be right at 30% housing ratio. There are many other factors to consider such as credit and any other monthly obligation but that should give you a rough estimate. Best of luck!

Thanks for the advice.

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