According to the calculator, you would spend roughly $2,452 a month on housing, broken down into $1,763 on mortgage principal ...

Choose the filing status you use when you file your tax return Input the total of your itemized deductions, such as mortgage ... income tax liability divided by the total gross income. Some ...

The 30% rule The 28/36 rule The 3X annual income rule Factors that impact affordability Using a mortgage calculator Mortgage ... multiply your gross monthly income by 0.30%. However, as housing ...

To calculate debt-to-income ratio, divide your total monthly debt obligations (including rent or mortgage, student loan payments, auto loan payments and credit card minimums) by your gross monthly ...

How to calculate your mortgage-to-income ratio Your mortgage-to-income and debt-to-income ratios refer to how much debt you pay each month in relation to your gross monthly income. This is an ...

Another general rule of thumb: All your monthly home payments should not exceed 36% of your gross monthly income. This calculator can give you a general idea of what size mortgage you can afford.

For your mortgage, calculate the full PITI — principal ... Example Total monthly debts: $2,400 Add up your monthly gross ...

Mortgage Calculator Results Explained A mortgage ... 28%: Your housing expenses shouldn't exceed 28% of your gross income. 36%: Your total debt payments shouldn't exceed 36% of your gross income.

A mortgage calculator is a valuable tool that helps ... 28%: Your housing expenses shouldn't exceed 28% of your gross income. 36%: Your total debt payments shouldn't exceed 36% of your gross ...