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Mortgage Payment Calculator
Calculate your Maximum mortgage payment (Note this figure "allows for no debt"):
Gross Monthly Income _ _ _ _
X 0.28
= Maximum Mortgage payment _ _ _ _
Calculate your Maximum mortgage payment (Note this figure "allows for your revolving debt"):
Gross Monthly Income _ _ _ _
X 0.36
= Maximum monthly Debt _ _ _ _
Minus (-) Present Monthly Debt _ _ _ _
= Maximum Mortgage Payment _ _ _ _
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