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2. How much house can I afford with a $170K salary? - AOL

   www.aol.com/finance/much-house-afford-170k...

   A budget of $600,000 should be enough for a spacious home in most any market in the country, especially since the median home sale price as of October 2023 was a much lower $391,800. Remember ...

3. What Income Do I Need for a $300K House? - AOL

   www.aol.com/income-300k-house-170125123.html

   A back-end DTI of 36% or less gives you the best chance of having your loan application approved. With an income of $93,336, you could have total debt payments of $2,800 per month — $2,178 for ...

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

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

   This percentage uses the back-end ratio or your debt-to-income (DTI) ratio. “Most responsible lenders follow a 36 percent back-end DTI ratio model, unless there are compensating factors,” says ...

5. 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 ...

6. 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 ]

7. 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 ...

8. 3 steps to calculate your debt-to-income ratio - AOL

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

   If your DTI is a bit lower — between 36 and 49 percent — but is over 43 percent, you may want to consider paying off some of your debt before taking out another loan.

9. 41% of homeowners saved specifically for their first home ...

   www.aol.com/finance/41-homeowners-saved...

   You can use Bankrate’s DTI ratio calculator to estimate where you stand. Generally, lenders want to see a DTI ratio below 43 percent. Generally, lenders want to see a DTI ratio below 43 percent. 4.