Question: how much money do you have to make to afford a 500k house?
Answer: So to answer your question, “How much do i need to make for a 500k mortgage?” In this scenario, the minimum income needed for that $500,000 condo is $113,000 or two salaries of $56,500 per year. Keep in mind, an income of $113,000 per year is the minimum salary needed to afford a $500K mortgage.