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As a general rule of thumb, lenders limit a mortgage payment plus your other debts to a certain percentage of your monthly income, which can be approximately. The 28/36 percent rule is a general guideline for potential homebuyers to follow. It is recommended that your monthly mortgage payment (including taxes and. This calculator determines how much your monthly payment will be for your mortgage. We take your inputs for home price, mortgage rate, loan term and downpayment.
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