28% rule

Concept

A guideline stating that no more than 28% of gross income should be spent on mortgage payments, including property taxes and insurance.

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Videos Mentioning 28% rule

How Much Home You Can ACTUALLY Afford (By Income)

How Much Home You Can ACTUALLY Afford (By Income)

Graham Stephan

A guideline stating that no more than 28% of gross income should be spent on mortgage payments, including property taxes and insurance.