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Dual Income $120k Mortgage Affordability

See how much house two earners making $120k combined can afford.

Your Finances

$
$
$

Max Home Price

$362,243

Based on a monthly budget of $2,800

Using the 28/36 Rule. Your debts reduce your buying power by roughly $40,000.

Max Rent Budget

$3,000/mo

Based on 30% of gross income rule.

Car Affordability

$52,200

Using the 20/4/10 rule (Conservative).

Debt-to-Income Health

32.0% Ratio
Healthy (<36%)Stretch (<43%)High Risk (>43%)

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Financial Analysis

With dual income households, lenders often view stability positively. A combined $120k income can support homes near $400k depending on debt levels.

Compare Other Income Levels

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Common Questions

How much house can I afford with $120,000 income?

With a 120,000 annual income, lenders typically qualify you for a home price between $420,000 and $540,000, assuming you have low existing debt.

What is the 28/36 rule?

The 28/36 rule states that you should spend no more than 28% of your gross monthly income on housing costs (mortgage, tax, insurance) and no more than 36% on total debt (including cars and student loans).

Does this calculator include property taxes?

Yes, our affordability engine automatically estimates property taxes and insurance to give you a realistic 'PITI' budget, not just a raw loan amount.