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2. 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 ...

3. How To Calculate Your Debt-to-Income Ratio - AOL

   www.aol.com/calculate-debt-income-ratio...

   Recurring debt includes: Mortgage payments or rent ... use a debt-to-income ratio calculator or simply add up your minimum recurring debts — that is, the least amount you’re required to pay on ...

4. What is a debt-to-income ratio for a mortgage? - AOL

   www.aol.com/finance/debt-income-ratio-mortgage...

   Key takeaways. Your debt-to-income (DTI) ratio is a key factor in getting approved for a mortgage. The lower the DTI for a mortgage the better. Most lenders see DTI ratios of 36 percent or less as ...

5. Here’s how much you need to make to afford a $1 million house ...

   www.aol.com/finance/much-afford-1-million-house...

   It states that your mortgage should take up no more than 28% of your gross monthly income, and your overall monthly debt payments—including your mortgage plus other debts like student loans or ...

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. Here's How Much Debt You Can Have and Still Get a Mortgage - AOL

   www.aol.com/heres-much-debt-still-mortgage...

   For example, if your pre-tax monthly income is $8,000 and your mortgage payment is $2,000, you have a front-end ratio of 25% (meaning that your mortgage consumes 25% of your income).

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

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

   By this rule, you could still spend $1,400 on your monthly mortgage payment — but only if your other debt payments total $400 or less per month. 43% DTI ratio

9. Barbara Corcoran: How To Calculate How Much House You ... - AOL

   www.aol.com/finance/barbara-corcoran-calculate...

   FHA loans require additional insurance, which can tack on an additional 2% to closing. ... Pay Attention to DTI. Your DTI, or debt-to-income ratio, is the percentage of your monthly income (gross ...