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| A typical house payment should be around 28 percent to 30 percent of your total monthly gross income. Your total monthly debt, which includes our mortgage payment, car loans, and credit cards, should comprise no more than 36 percent to 40 percent of your gross annual income. However, these ratios can increase, depending on the individual's credit and assets. We recommend that you consult with one of our loan officers to discuss your options. |
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| Use our affordability calculator to the side to determine the house payment you can afford. Some factors to take in to consideration: interest rate on the loan, term of your note, your property taxes, and your annual insurance payment. |