How long do I need to live in the home to qualify for the capital gains tax exemption?

You need to consider your particular circumstances and your future financial needs and goals. How can I calculate how much mortgage I can afford? As a rule of ... Apr 24, 2025 ... 1. Figure out 25% of your take-home pay. To calculate how much house you can afford, use the 25% guideline we talked about earlier: Never spend ... Mortgage affordability calculator. Get an estimated home price and monthly mortgage payment based on your income, monthly debt, down payment, and location. Find ... Find out how much house you can afford and what your monthly payments will be. How much home can I afford? Annual Income. Down payment. That would be a monthly mortgage payment of $1,637! download calculations. 75000. Your annual income. 0. Current Monthly Debt This is the total of all the ... Jul 16, 2021 ... Sure! Assuming you work 40 hours a week, your gross monthly income is $3,500. That's the figure lenders will use to decide how much loan you can ... Feb 13, 2019 ... A home affordability calculator to determine how much you can afford to pay each month on a home mortgage and still do everything else you want to do. Jan 23, 2025 ... After that, the basic rule of thumb is that you should allocate no more than 28% of your monthly income to housing costs. But there are a ... Dec 26, 2024 ... Take monthly gross and multiply by .28 thats the lower limit before you are housepoor, which is what i figure calcs are mathing to. Upvote 1 Oct 11, 2024 ... One commonly used metric is the 28/36 rule. This says that no more than 28% of your monthly income should go toward your mortgage payment.