mortgage percent of budget

Budget Rules of Thumb
Learn how to keep debt under control using our budget tips. Find out rules of thumb regarding saving, rent and mortgage payments, living expenses, and more .

What Percentage of Income Can You Afford for Mortgage Payments?
Sep 15, 2009 . As for just how big a percentage of your income that housing budget should be . I wouldn't call 35 percent of your pretax income on mortgage, .

Step 1

It Pays to Do the Math In the Budget Game
"Most consumers we counsel don't know how to create a realistic budget," said . Using the 27 percent figure, your mortgage should be about $16200 a year, .

Step 2

Personal Finance: Money 101 - Making a Budget
Percent of Income. You, Ideal . Top things to know · The dubious joy of budgets · Listing expenses · Setting goals · Cutting costs .

Step 3

Mortgage Basics, Ch. 1: Can you afford that house? Know debt-to ...
The maximum amount for monthly mortgage-related payments at 28 percent of gross income is $933. ($40000 times 0.28 equals $11200, and $11200 divided .

Paying mortgage discount points: a primer (Page 1 of 2)
Jan 26, 2006 . As a rule of thumb, the mortgage's interest rate is reduced by a quarter of a percentage point for every discount point you pay. That's just a .

Tips & Warnings

  • What Percent of Household Income Should a Monthly Mortgage ...
    Calculate how much house you can afford. House image by Gonçalo Carreira from Fotolia.com. You may have saved money for your down payment, checked .

About the Author

Budget for Home Mortgage - Budgeting Money
A budget for your housing expenses before you take out a mortgage helps protect . mortgage insurance (PMI) if your down payment is less than 20 percent and .