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).
Calculate 28 Percent. Visit your bank or credit union to determine how much of a loan you can get. Consider that figure, and then do your own calculations, too. Your mortgage payment should not be more than 28 percent of your gross annual income.For example, if you and your partner's combined annual pretax income is $100,000, you figure that 28 percent of 100,000 is 28,000. Divide that by 12 to determine that you should not pay more than $2,333 per month for your mortgage.alculate 28 Percent. Visit your bank or credit union to determine how much of a loan you can get. Consider that figure, and then do your own calculations, too. Your mortgage payment should not be more than 28 percent of your gross annual income.