Your (or your parents) have a realized income of $1,046.78/ every 2 weeks. How much should the monthly housing expense budget be to stay within acceptable limits?

Question

asked Feb 28, 2019 42.3k views

2 Answers

Thom Rogers · Answer 1 · 2019-03-02T00:46:57+0000

Your monthly mortgage payment should not be more than 25% of your net (after taxes) income.
Given $1,046.78*2=$2,093.56/4=$523.39 is your Answer