What percentage of monthly income should be taken up by mortgage and student loan payments, ideally?

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To ensure financial stability.

4 Comments
  1. Reply
    Yvonne_rox1
    May 16, 2011 at 5:17 am

    Personally between me and what ever other adults in the household I would never rent or buy a home that cost more than 1/3 the total income of the house.

  2. Reply
    Fig Newton
    May 16, 2011 at 6:01 am

    To stay on solid ground your mortgage and student loan payments should stay below 30% of your take home income.

  3. Reply
    nicky
    May 16, 2011 at 6:02 am

    keep it low and base it on what your income would be if you had to take a lower paying job. What ever you decide on make sure you still have enough savings incase something goes wrong in the future.

  4. Reply
    Roy Kabiri
    May 16, 2011 at 6:05 am

    Don’t let the sum of your Mortgage & Student loans get higher that 30% of your total earning, or else you get into the danger zone of not being able to return these loans.

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