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Our affordability calculator estimates how much house you can afford by examining factors that impact affordability like income and monthly debts. Your total housing payment (including taxes and insurance) should be no more than 32 percent of your gross (pre-taxes) monthly income. The sum of your total. Typically the rule of thumb is to spend 30% ish or less of your gross on housing. So that's about let's call it, so about $ a month. The short answer is generally you should consider mortgage loans with a monthly payment that is 28% or less of your pre-tax monthly salary. How much house can I afford based on my salary? · Your DTI ratio is the main factor lenders use to determine how much they'll qualify you to borrow. · Your income.
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