The "gold standard" to avoid Private Mortgage Insurance (PMI). 3. Credit Score & Interest Rates
To help you get a more accurate number, I can run specific calculations if you'd like to share: Your ? Your total monthly debt payments ? How much you have saved for a down payment ? Your approximate credit score range? calculate home buying power
Multiply gross income by 0.36 (36%) and subtract existing monthly debts. The "gold standard" to avoid Private Mortgage Insurance
Your monthly mortgage payment (principal, interest, taxes, insurance) should not exceed 28% of your gross monthly income. calculate home buying power