Ready to Buy? Do the Math (Because Lenders Will).


The 28/36 rule can help you estimate how much home you can afford.


28% of your gross monthly income is the maximum lenders want to see going toward housing costs. That includes principal, interest, taxes and insurance.

36% is the ceiling for all your monthly debt payments combined, including your new mortgage.


Know where you stand before you make an offer.
[callout] Search "28/36 rule" to find an online calculator.
Source: Bankrate