mortgage monthly payments and monthly income

Make a budget to determine whether you can afford a home. — 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 .
http://www.bankrate.com/finance/mortgages/how-much-house-can-you-buy--1.aspx

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 .
http://loan.yahoo.com/m/basics6.html

Payment Reduction Estimator
Jan 23, 2011 . This Payment Reduction Estimator will determine what your current mortgage debt-to-income is and how much your monthly payment may be .
http://www.makinghomeaffordable.gov/get-assistance/payment-reduction/Pages/default.aspx

Staying in Your Home

Mortgage Calculator Online - How much Income Do I Need?
The housing expense, or front ratio, compares your total mortgage payment to your monthly income. The total debt expense ratio (or back ratio) is 36%. This total .
http://www.mortgage101.com/qualifying-calculator

Expenses

How Do I Calculate the Monthly Debt for a Mortgage Application ...
When you apply for a mortgage, lenders will review your monthly income and consumer debts, and compare them to the new house payment to see if you can .
http://homeguides.sfgate.com/calculate-monthly-debt-mortgage-application-7557.html

FHA Mortgage Calculator - How much can I afford?
Your gross (pre-taxes) monthly salary must be greater than 43% of the sum of the monthly mortgage, monthly tax and other monthly debt payments.
http://www.fha.com/calculator_afford.cfm

What Percent of Household Income Should a Monthly Mortgage ...
You may have saved money for your down payment, checked your credit score and been to several open houses. However, before you make the final .
http://budgeting.thenest.com/percent-household-income-should-monthly-mortgage-payment-be-3501.html

The Budget

First-Time Home Buyer Tips - Income and Mortgage Size - Salary.com
The loan or mortgage is usually spread over 15 or 30 years. If you sign on for a 15-year mortgage, you'll get a slightly lower interest rate but monthly payments .
http://www.salary.com/first-time-home-buyer-tips---income-and-mortgage-size/

What is the percent of your monthly income spent on your mortgage ...
May 31, 2008 . What is the percent of your monthly income spent on your mortgage . Mortgage Payment (% of Income) that a person is paying per month to .
http://www.city-data.com/forum/delaware/342864-what-percent-your-monthly-income-spent.html

Analyzing

Debt to Income Ratio Calculator - Mortgage DTI Ratios
Debt to Income Ratio Calculator Instructions Step 1: Enter Gross Monthly Income Step 2: Enter Minimum Monthly Liabilities Step 3: Enter PITI Mortgage Payment .
http://www.mortgage-info.com/mortgage-calculators/debt-to-income-ratio-calculator.aspx

Approval for programs depends on income, monthly mortgage ...
Approval for programs depends on income, monthly mortgage payment. Posted: March 12, 2012 | Author: keepyourhomeca | Filed under: Uncategorized | Tags: .
http://keepyourhomecalifornia.wordpress.com/2012/03/12/approval-for-programs-depends-on-income-monthly-mortgage-payment/

Mortgage calculator - Wikipedia, the free encyclopedia
The fixed monthly payment for a fixed rate mortgage is the . With a fixed rate mortgage, the borrower agrees to pay off .
http://en.wikipedia.org/wiki/Mortgage_calculator

Your Credit Report

How Much Can You Afford to Borrow? - Mortgage-X
It is recommended that you pay-off as much debt as possible before you apply for a mortgage. Having the idea of what monthly mortgage payments you can .
http://mortgage-x.com/library/h-much-a.htm

Mortgage Basics: Loan Eligibility | Investopedia
The most common rule of thumb is that your monthly mortgage payment should not exceed 28% of your gross income. This calculation includes more than just .
http://www.investopedia.com/university/mortgage/mortgage5.asp

How Much Home Can You Afford? - Mortgage Calculators
Now that you have a basic idea of how much money you have to pay on a mortgage, you can work with a mortgage calculator to help you to find the best monthly .
http://www.mortgagecalculatorsplus.com/articles/how-much-home-can-you-afford.php

References

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How Much House Can I Afford - Home Affordability Calculator - Zillow
Most lenders limit how much of your monthly income can pay debt such as mortgage payments, car loans, and student debt (this is called Debt to Income ratio).
http://www.zillow.com/mortgage-calculator/house-affordability/

Debt to Income Ratio | The Truth About Mortgage.com
$120000 annual gross income as reported on your tax returns/pay stubs. [See the latest mortgage rates from dozens of lenders, updated daily.] Monthly .
http://www.thetruthaboutmortgage.com/dti-debt-to-income-ratio/