Bar graphs are used to compare things between different groups or to track changes over time. However, when trying to measure change over time, bar graphs are best when the changes are larger. . . . an Area Graph. Area graphs are very similar to line graphs.
The typical bank limit on monthly mortgage payments is about 28 percent of your gross monthly income. Therefore, the bank thinks you can devote up to 28 percent of your household income to your mortgage payment and expenses (including taxes, insurance and association dues).
In fact, most home ownership gurus argue that you should keep your total mortgage-related expenses below 33 percent of your total gross income. Depending upon the tax bracket into which you fall, this may well require you to keep your total mortgage expenses below 20 percent of your net income.