我的房价工资比计算方法# Living
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The basic equation is given by,
(Mortgage + Tax + Insurance + Utility)/year <= (Front ratio * pretax Income)/year
where the front ratio could be any value between 28% to 40% according to other reports
[ref. ***].
Suppose (Tax + Insurance + Utility) is approximately equal to 3% of the house price, and
finally you pay the lender double amount borrowed (principle plus interest) within 30
years, then we have
28%C <= 2(1-d%)H / 30 + 3%H <= 40%C,
where H, d, and C represent House price, downpay percen
(Mortgage + Tax + Insurance + Utility)/year <= (Front ratio * pretax Income)/year
where the front ratio could be any value between 28% to 40% according to other reports
[ref. ***].
Suppose (Tax + Insurance + Utility) is approximately equal to 3% of the house price, and
finally you pay the lender double amount borrowed (principle plus interest) within 30
years, then we have
28%C <= 2(1-d%)H / 30 + 3%H <= 40%C,
where H, d, and C represent House price, downpay percen