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).
Shifting Debt Ratios. If your total debt-to-income ratio will exceed 36 percent, you can consider getting a smaller mortgage. For example, if you are currently paying 12 percent of your gross income for debt service, you could pay 24 percent of your gross income for a mortgage to make your 36 percent total debt figure. You will pay more for your house the first year, because you'll have closing costs that won't occur in other years.