What is the 36% rule?

Lenders typically want your total monthly debt payments (including mortgage) to be ≤36% of gross income.

Does this include property tax?

This is a simplified estimate. In practice, taxes and insurance reduce the maximum loan.

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What is the 36% rule?: Lenders typically want your total monthly debt payments (including mortgage) to be ≤36% of gross income.
Does this include property tax?: This is a simplified estimate. In practice, taxes and insurance reduce the maximum loan.