Understood. Those figures do, however, include the escrow as well. Is there a general rule of thumb for DTI threshold? Online searches yield results ranging from 30-40% with 50% as the cutoff in special circumstances. Using a calculator, I’m coming out at 25% or less. The 25% is including my full mortgage amount and student loan payments until they’re formally forgiven.
wiillrus OP t1_iuhts3s wrote
Reply to comment by twotall88 in Multiple Mortgages and Their Effect by wiillrus
Understood. Those figures do, however, include the escrow as well. Is there a general rule of thumb for DTI threshold? Online searches yield results ranging from 30-40% with 50% as the cutoff in special circumstances. Using a calculator, I’m coming out at 25% or less. The 25% is including my full mortgage amount and student loan payments until they’re formally forgiven.