Set all inputs first, then change this one for various budgets.
This represents how much of your monthly income you are willing to spend on a home.
Standard underwriting guidelines typically used by mortgage lenders allow you to spend 28%
of your "monthly gross income" (before taxes) for housing. This does not
mean you have to spend this much.
Required (Do Not Enter in Commas)
Min: 1.0
Max: 55.0
Decimals: 1
Remarks
Think of % of Income as the "master" INPUT.
Set all other INPUTS (some default settings will be good enough), then come back
and change this one INPUT up or down to change everything. As you raise/lower
this "key" variable, check the ratio values and the dynamic text by Strategy:
(In the Housing/Income & Housing+Debt/Income
section) so you don't exceed the set limits.
If the limits are exceeded, you will also see the amount to lower % of Income by directly below where you input it. Very cool.
Example
If you want to spend less than 28.0% of your income, say 21.5%, enter: 21.5
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