This is the most common industry standard used by lenders to assess risk.
Your total monthly housing payment—including principal, interest, taxes, and insurance ( PITI )—should be 28% or less of your gross monthly income (before taxes). buying first home how much can i afford
Your total monthly debt payments, including the new mortgage plus car loans, student loans, and credit cards, should not exceed 36% of your gross monthly income. 2. The 30/30/3 Rule This is the most common industry standard used
Affordability Calculator - How Much House Can I Afford? - Zillow and credit cards