What is your annual gross income?

Apr 23, 2025 ... CNBC Select outlines several strategies to determine how much you can afford in monthly mortgage payments. It states that a household should spend no more than 28% of its gross monthly income on the front-end debt and no more than 36% of its gross monthly income on ... This calculator steps you through the process of finding out how much you can borrow. Fill in the entry fields and click on the “View Report” button. Pre-qualification gives you an overview of your borrowing capacity, while pre-approval guarantees your financing and protects your rate for 90 days. Determining How Much You Can Afford. When mortgage lenders evaluate your ability to afford a loan, they consider all the factors in the loan, such as the ... Our mortgage calculator can help you determine what your monthly mortgage ... Can I Afford to Buy a Home? How Do I Get a Mortgage? What Kind of Mortgage ... Nov 3, 2017 ... Your mortgage payment, including taxes and insurance, shouldn't be more than 28% of your total income before taxes. · All your debt — including ... Oct 5, 2021 ... Use our Mortgage Affordability Calculator to determine how much house you can afford based on your take-home pay and monthly mortgage payment affordability. How much can I afford? Add in your income and expenses and calculate how much you could afford to borrow for your new home. Get in touch All calculators. On ... This narrated video helps explain what you can afford based on your debt-to-. Your home comfort zone. This video shows you how your mortgage payment should fit ...