About how much HHI needed for 1 million dollar home?I'm curious what my husband and I should consider when figuring out how much we can afford in oue next home.We will easily have 200,000 for a down payment (20%) - I'm more interested in what the monthly payments will be. We both have excellent credit. On top of the down payment, we will probably have another 125,000-150,000 saved, not including a 401K.It's hard to estimate our annual combined income/salaries. My husband is in sales. Next year (2014), he will probably make $275,000. I started my own compnay 4 months ago, and if it continues as-is, then I will probably bring in 80-90K next year (depends how much time I take off for our new baby - i don't have official maternity leave so I won't have an income for 2 months, most likely).We will rent out our current condo in the city -- and probably make a few hundred bucks a month on that. I also own a small one bedroom that I will continue to rent out- -- I pay about $80 out of pocket a month on that one.What factors should I consider when trying to figure out if we can afford a 1 million dollar home in the suburbs? Should we stick to an 850,000 or 900,000 home instead? We would like to start looking for homes this fall, and hope to move sometime mid-2015.January 26 2014 - Chicago00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.