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).
Look at the Mortgage-to-Salary Ratio. A generally accepted rule of thumb is that your mortgage shouldnât be more than three times your annual income. So if you make $165,000 in household income, a $500,000 house is the very most you should get. (Some people recommend that it shouldnât be more than 2.5 times your annual income, which yields a house price of about $412,000.) Of course, there is some nuance in here.