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Mortgage payment calculator
(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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