| Monthly Pre-Tax Income | staying Income After Average Monthly Debt Payment | optimum Monthly homeloan payment (including Property Taxes and Insurance) aided by the 36% Rule | Estimated Home Value |
|---|---|---|---|
| $2,000 | $1,400 | $120 | N/A |
| $3,000 | $2,400 | $480 | $79,000 |
| $4,000 | $3,400 | $840 | $138,000 |
| $5,000 | $4,400 | $1,200 | $197,000 |
| $6,000 | $5,400 | $1,560 | $256,000 |
| $7,000 | $6,400 | $1,920 | $313,000 |
| $8,000 | $7,400 | $2,280 | $360,000 |
| $9,000 | $8,400 | $2,640 | $416,000 |
| $10,000 | $9,400 | $3,000 | $523,000 |
In training which means that for almost any dollar that is pre-tax make every month, you need to devote a maximum of 36 cents to paying down your home loan, student education loans, personal credit card debt and so forth. (part note: Since home taxation and insurance coverage re re re payments have to maintain your household in good standing, those are both considered financial obligation payments in this context. ) This portion also referred to as your debt-to-income ratio, or DTI. Continue reading Exactly How Much Home Is It Possible To Afford?