Wondering what level of income is required to purchase a home? Use this calculator as an tool to assist in making smart mortgage choices, by estimating income requirements. With this calculator you will work backwards by inputting your desired mortgage amount, interest and term (in years). You will then need to deduct any additional expenditures like car payments, credit card loans, etc before we calculate your require annual income. For additional information and a personalized loan program call the American Financing mortgage consultants 866-750-6551.