Sentences with phrase «by your gross monthly income of»

Not exact matches

The firm selected winners by looking primarily at how much median money households headed by a 23 - to 34 - year - old earn in each city and what share of gross monthly income young locals need to pay for entry - level homes.

• You are serving in a medical or dental internship or residency program and meet requirements • The total amount you owe each month is 20 % or more of your total monthly gross income, for up to three years • You are serving in an AmeriCorps position for which you received a national service award • You are performing teaching service that would qualify you for teacher loan forgiveness • You qualify for partial repayment of your loans under the U.S. Department of Defense Student Loan Repayment Program • You are a member of the National Guard and have been activated by a governor, but you are not eligible for military deferment

They divide your monthly payments for all obligations by your gross monthly income in order to arrive at two sets of figures.

Divide all of his credit - reportable monthly bill payments by his total monthly gross income.

It is the ratio of our monthly debt payments (credit cards, auto, student and personal loans, store credit accounts and any loans you co-signed) divided by your gross income.

This ratio is calculated by dividing the amount of your monthly debt obligations by your gross monthly income.

This is a representation of all your monthly debt payments divided by your gross monthly income.

Calculate the debt - to - income ratio (DIR) by dividing the sum of all monthly credit - reportable bills by their gross monthly income.

Divide the sum of the monthly payments by your gross monthly income (gross monthly income is your total income before subtracting taxes, benefits, 401 (k) contribution and other things).

Ultimately, the maximum size of your loan amount will be determined by your debt - to ‐ income ratio (DTI), which is the percentage of monthly gross income that goes towards paying debts.

All you have to do is add up all of the monthly debt payments you make to credit cards, personal loans, mortgages, and any other debt, and then divide that number by your gross monthly income.

You can generate $ 36,000 of gross monthly income and net $ 10,000 of monthly cash flow by converting one single - family home into an Assisted Living Home (ALH).

To reach your number, we take 15 % of the amount of your Adjusted Gross Income (AGI) that exceeds 150 % of the poverty guidelines for your state and family size, then divide it by 12 to show your monthly payment.

«While debt - to - income requirements vary by mortgage programs, a good target is to keep your total debt level at or below 36 % of your gross monthly income.»

Your backend DTI ratio is calculated by taking your major monthly debts (many of which will be found on your credit reports) and dividing it by your gross monthly income.

The total of all monthly financial obligations, divided by the total gross monthly income.

On a mortgage of $ 225,000 and a gross income of $ 90,000, a one percentage point increase would increase monthly payments by $ 115, equivalent to 1.5 per cent of income.

To find this percentage, add up all of your existing monthly debt and divide it by your gross monthly income.

This typically means having a credit score of 620 or above, a debt - to - income ratio of 50 % or less (i.e. the sum of all your debt payments, including housing, divided by your gross monthly income), and a loan - to - value ratio on your home of 80 % or less after the cash out refinance is complete.

Once these numbers have been entered, the calculator will produce a table at the bottom of the page that displays the total cash invested, the estimated management costs, HOA and Taxes, the estimated monthly mortgage payment, the gross income that can be expected from the property, the estimated total expenses that will be incurred by the property, the net income based on these two figures, and the ROI.

Child support is calculated by obtaining the gross income of the paying parent (as determined by s. 16 of the Child Support Guidelines) and the number of children to which the support payment will apply and then looking at the table amounts listed in Schedule I of the guidelines for the monthly amount payable.

Recent research conducted in mainland China found that obesity prevalence was higher among children in wealthier families, 4 but the patterns were different in Hong Kong with higher rates of childhood obesity among lower income families.4 5 Hong Kong, despite having a per capita gross domestic product of Hong Kong dollar (HK$) 273 550, has large income differences between rich and poor as reflected by a high Gini coefficient of 0.539 reported in 2016; approximately 20 % of the population are living in poverty as defined by a monthly household income below half of the Hong Kong median.6 It is widely accepted that population health tend to be worse in societies with greater income inequalities, and hence low - income families in these societies are particularly at risk of health problems.7 In our previous study, children from Hong Kong Chinese low - income families experienced poorer health and more behavioural problems than other children in the population at similar age.8 Adults from these families also reported poorer health - related quality of life (HRQOL), 9 with 6.1 % of the parents having a known history of mental illness and 18.2 % of them reporting elevated level of stress.

Debt - to - income ratio — Actual: A calculation of monthly housing costs and overall debt payments, divided by the purchasers» gross monthly income, which ultimately determines the size of their available mortgage.

Debt - to - Income Ratio — the ratio of monthly liabilities and housing expenses divided by the monthly gross income of the borIncome Ratio — the ratio of monthly liabilities and housing expenses divided by the monthly gross income of the borincome of the borrower.

DTI, which represents the percentage of your gross monthly income that you spend on debt payments, will also be considered by any mortgage lender who is determining your mortgage eligibility.

The total of all monthly financial obligations, divided by the total gross monthly income.

The housing assistance maximum is calculated by taking the lesser of the area's payment standard minus 30 % of the family's monthly adjusted income or the gross rent for the unit minus 30 % of monthly adjusted income.

«While debt - to - income requirements vary by mortgage programs, a good target is to keep your total debt level at or below 36 % of your gross monthly income.»

Lenders qualify mortgage borrowers» maximum loan amounts by determining what 31 % to 33 % of their monthly gross income is at present.