Spend no more than 28% of your gross monthly income (pre-tax) on total housing costs.
Includes: Principal, interest, property taxes, homeowners insurance, and HOA fees (PITI).
Spend no more than 36% of your gross monthly income on all debt payments combined .
Includes: Your new mortgage plus car loans, student loans, and credit card minimums.
Spend no more than 28% of your gross monthly income (pre-tax) on total housing costs.
Includes: Principal, interest, property taxes, homeowners insurance, and HOA fees (PITI).
Spend no more than 36% of your gross monthly income on all debt payments combined .
Includes: Your new mortgage plus car loans, student loans, and credit card minimums.