mortgage percentage of gross income

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 .

How much house can you afford?
Dec 7, 2004 . The maximum amount available for a monthly mortgage payment at 28 percent of gross income would be $933. However, the lender says the .

Step 1

Mortgages: How Much Can You Afford?
Nov 3, 2011 . The front-end ratio is the percentage of your yearly gross income dedicated toward paying your mortgage each month. Your mortgage payment .

Step 2

How Much House Can You Afford?: Mortgage Center - Yahoo ...
Your total monthly debt obligation should not be more than 36 percent of your gross income. Total debt includes the mortgage payment plus other obligations .

Step 3

What Percentage of Income Can You Afford for Mortgage Payments?
Sep 15, 2009 . I wouldn't call 35 percent of your pretax income on mortgage, property tax . to lenders' criteria—35 percent of gross income—is a big, big leap!

First-Time Home Buyer Tips - Income and Mortgage Size - Salary.com
The remaining percentage is required in cash from the buyer's own savings, and is . When assessing your gross monthly income, be aware that only those .

Tips & Warnings

  • Affordable Home - How Much Home Can I Afford? - How Much to ...
    First, look at your monthly gross income, before taxes and contributions. . a front- end ratio, which is reflected as a percentage of your gross monthly income. . The back-end ratio reflects your new mortgage payment, plus all recurring debt.

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What percentage of your gross income should go towards rent
What percentage of your gross income should go towards rent? . (according to crown.org budget guide) Rent or your monthly mortgage payment plus each of .