9.35% rule

Concept

A rule of thumb to estimate total home ownership costs, comprising 7% for mortgage, 1.1% for property tax, 1% for repairs, and 0.25% for other expenses.

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How Much Home You Can ACTUALLY Afford (By Income)

Graham Stephan

A rule of thumb to estimate total home ownership costs, comprising 7% for mortgage, 1.1% for property tax, 1% for repairs, and 0.25% for other expenses.