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2. What are the monthly payments on a $300,000 mortgage? - AOL

   www.aol.com/finance/300000-mortgage-payment...

   Interest rate. Mortgage term. Monthly repayment. 6.00%. 30 years. $1,798.65. ... let’s calculate how much income you’d need to afford a $300,000 mortgage. ... Calculate your debt-to-income ...

3. What is PITI? - AOL

   www.aol.com/finance/piti-170744787.html

   The DTI ratio is the amount of debt you owe on a monthly basis, including the PITI payment, divided by your monthly income. The ideal DTI ratio for lenders is 36 percent or less, but many accept ...

4. 3 steps to calculate your debt-to-income ratio - AOL

   www.aol.com/finance/3-steps-calculate-debt...

   For this example, divide your monthly debt payments ($2,400) by your total monthly gross income ($6,000). In this case, your total DTI would be 0.40, or 40 percent. To confirm your number, use a ...

5. Mortgage calculator - Wikipedia

   en.wikipedia.org/wiki/Mortgage_calculator

   Mortgage calculators are automated tools that enable users to determine the financial implications of changes in one or more variables in a mortgage financing arrangement. Mortgage calculators are used by consumers to determine monthly repayments, and by mortgage providers to determine the financial suitability of a home loan applicant. [2]

6. Debt-to-income ratio - Wikipedia

   en.wikipedia.org/wiki/Debt-to-income_ratio

   The two main kinds of DTI are expressed as a pair using the notation / (for example, 28/36).. The first DTI, known as the front-end ratio, indicates the percentage of income that goes toward housing costs, which for renters is the rent amount and for homeowners is PITI (mortgage principal and interest, mortgage insurance premium [when applicable], hazard insurance premium, property taxes, and ...

7. What percentage of your income should go to a mortgage? - AOL

   www.aol.com/finance/percentage-income-mortgage...

   Based on the 28 percent and 36 percent models, you can calculate how much of your monthly income should go to mortgage payments. Here’s a budgeting example, assuming the borrower has a monthly ...