Your numbers
$
$
%
Est. monthly payment
$2,070
Principal & interest only
Loan amount
$315,000
Down payment
10%
Total interest
$429k
Where your payment goes
Income needed to afford this home
Based on the 28% rule — lenders typically recommend your mortgage payment stay under 28% of your gross monthly income.
Min. monthly income
$7,393
Min. annual income
$88,714
Your payment as % of income
28%
Comfortable
28% threshold
Stretched
✅ At 28% of income, this payment is right at the comfortable threshold — a solid starting point.
The Nagel Team is here for you.
Buying your first home can feel overwhelming — but it doesn't have to be. You don't need to have it all figured out before reaching out. That's exactly what I'm here for. Whether you're ready now or just starting to think about it, let's talk it through together and build a plan that actually works for you.
📞 Call me — (952) 466-6356 💬 Text me — (952) 466-6356 ✉️ Email me — IsaacNagel@KW.com