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What part of your revenue if the mortgage become? This new 28% mortgage rule The recommended figure that most loan providers and you may possessions benefits desire to bandy on are twenty-eight% regarding pre-income tax income. Which means just about twenty-eight% of the gross monthly money is going towards your month-to-month mortgage payment. Analogy based on monthly income: If for example the pre-taxation monthly earnings is actually $nine,000, never shell out over $dos,520 to your home loan per month. You’ll find that number of the multiplying their month-to-month pre-tax money ($9,000) by twenty-eight% (0.28). Example predicated on home loan proportions: …