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

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

   $5,000 x 0.36 (36%) = $1,800 (maximum monthly debt obligation including mortgage payment) Going by the 28 percent rule, the borrower should be able to reasonably afford a $1,400 mortgage payment.

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

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

   If you’ve got $6,000 in gross monthly income, to have that desired front-end DTI ratio be 28 percent, your maximum monthly mortgage payment would be $1,680. $6,000 x 0.28 = $1,680.

4. 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 ]

5. What are the monthly payments on a $500,000 mortgage? - AOL

   www.aol.com/finance/500000-mortgage-payment...

   Based on the 28% rule, your household should aim for a monthly before-tax income of $12,696 — or an annual gross income of about $152,352 ($12,696 x 12) — to comfortably afford a $500,000 ...

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. Adjustable-rate mortgage - Wikipedia

   en.wikipedia.org/wiki/Adjustable-rate_mortgage

   A variable-rate mortgage, adjustable-rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit markets. [1] The loan may be offered at the lender's standard variable rate/base rate. There may be a direct ...