guide
How Much House Can You Afford Without Becoming House-Poor
Use housing costs, debt ratios, and lifestyle tradeoffs to set a home-buying budget that still leaves room for real life.
Glossary term
Debt-to-Income Ratio
Debt-to-income ratio compares monthly debt payments to gross monthly income and is commonly used in mortgage underwriting and affordability decisions.
Where to use it
Debt-to-income ratio definition
Debt-to-income ratio compares monthly debt payments to gross monthly income and is commonly used in mortgage underwriting and affordability decisions.
Related content
See the term in context
Tool
Rent vs Buy Calculator
Compare estimated monthly ownership costs with current rent.