Real Estate Math Question 1: Understanding the 28/36 Rule
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Real Estate Math Question 1: Understanding the 28/36 Rule
Dec 4, 2024
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Master the 28/36 Rule: Essential Real Estate Math for Success!
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Zell Melendez | Massachusetts Realtor® on Instagram: "Buying a home isn’t just the price... it’s the monthly payment + the “real life” costs that come with it. 1) Calculate the 28/36 rule Take your combined gross monthly income and multiply by .28 → that’s the highest mortgage payment you should be at. Then take the same income and multiply by .36 → that’s the highest your TOTAL monthly debt payments should be (mortgage + car + loans + credit cards). 2) Calculate the 1% rule Home maintenance cos
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