A general guideline for the mortgage you can afford is 200% to 250% of your gross annual income. However, the specific amount you can afford to borrow depends ...

15 мая 2024 г. · It's generally recommended that you follow the 28/36 rule. So, you shouldn't spend more than 28% of your monthly income on housing costs, including mortgage ...

21 авг. 2024 г. · The traditional rule of thumb is that no more than 28 percent of your monthly gross income or 25 percent of your net income should go to ...

No more than 30% to 32% of your gross annual income should go to mortgage expenses, such as principal, interest, property taxes, heating costs and condo fees.

The most popular is the 28% rule, which states that no more than 28% of your gross monthly income should be spent on housing costs. Although most personal ...

14 мая 2024 г. · Lenders recommend that you not devote more than 28% of your gross yearly income toward a mortgage or more than 36% of your gross income to all debts, including ...

26 авг. 2024 г. · The lending and property industries are traditionally said to consider 28% of a person's pre-tax income to be an optimum figure for mortgage affordability.

22 дек. 2023 г. · The often-referenced 28% rule says you shouldn't spend more than 28% of your gross monthly income on your mortgage payment.

The 35%/45% rule: Here, your total monthly debt, including mortgage payments, should not exceed 35% of your pre-tax income or 45% of your after-tax income. To ...