Sentences with phrase «figure by your gross monthly income»

Your DTI is calculated by adding up your major monthly expenses and dividing that figure by your gross monthly income.

Not exact matches

This figure is your total minimum monthly payments — including your hypothetical mortgage payment — divided by your monthly gross income.

VA underwriters divide your monthly debts (car payments, credit cards and other accounts, plus your proposed housing expense) by your gross (before - tax) income by to come up with this figure.

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

Grossing up the income by 15 percent hikes the monthly income figure to $ 2,300.

To figure out your DTI, add up your monthly payments (including rent / mortgage, auto loan, and minimum credit card and student loan payments) and divide that number by your gross monthly income.

Monthly income — To accurately calculate your monthly gross and net income figures, you need to multiply your weekly income by 52 (if you're paid every two weeks, multiply that number by 26 instead) and divideMonthly income — To accurately calculate your monthly gross and net income figures, you need to multiply your weekly income by 52 (if you're paid every two weeks, multiply that number by 26 instead) and dividemonthly gross and net income figures, you need to multiply your weekly income by 52 (if you're paid every two weeks, multiply that number by 26 instead) and divide by 12.

You can figure out your debt - to - income ratio by dividing your monthly debt payments by your gross monthly income.

VA underwriters divide your monthly debts (car payments, credit cards and other accounts, plus your proposed housing expense) by your gross (before - tax) income by to come up with this figure.

Divide that figure by your gross monthly take - home income, which is your income before taxes and other deductions are taken out.

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.

VA underwriters divide your monthly debts (car payments, credit cards and other accounts, plus your proposed housing expense) by your gross (before - tax) income by to come up with this figure.