According to the calculator, you would spend roughly $2,452 a month on housing, broken down into $1,763 on mortgage principal ...

Buyers also have to take into account property taxes and insurance — both of which contribute to the overall monthly payment.

So, if you earn $6,000 monthly, your mortgage payment should be no more than $1,680, and you should pay no more than $2,160 on debt payments overall. Calculate what you can afford based on the 28/ ...

How to calculate your mortgage-to-income ratio Your mortgage-to-income and debt-to-income ratios refer to how much debt you pay each month in relation to your gross monthly income. This is an ...

Next, calculate your monthly savings by subtracting the new mortgage payment from your current one, including private mortgage insurance (PMI) savings and potential tax benefits. Divide the total ...

Longer-term bond yields are surging amid an escalating global trade war. That's not good news for mortgage rates ahead of the ...

In the study, Bankrate analyzed home sale prices to calculate monthly mortgage payments for every state and Washington, D.C., to determine affordability. Colorado ranked fifth in Bankrate's report ...

With over three years of experience writing in the housing market space, Robin Rothstein demystifies mortgage and loan concepts, helping first-time homebuyers and homeowners make informed ...