Confused about borrowing options? Compare a 401(k) loan vs. personal loan to find out which is better for your finances.

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which says that your mortgage payment shouldn't exceed 28% of your gross monthly income. Using the 28% rule, let’s calculate how much income you’d need to afford a $300,000 mortgage.

Note: To calculate the monthly principal and interest payment, we assume a 30-year mortgage at a fixed 6.9 percent interest rate and a 20 percent down payment. Your mortgage payments will also ...

Fortunately, other strategies can shrink your monthly mortgage payment. How to reduce your mortgage payment Refinance your mortgage Eliminate mortgage insurance Consider recasting your loan Look ...

To find this number, divide the monthly mortgage payment by 28% (or 0.28): Shorter loan terms typically offer lower interest rates but result in higher monthly payments. Here's a comparison of ...

Estimate your monthly payment using NewsNation's mortgage calculator Interest rates are part of the equation; taxes, insurance also matter Here's how you can get the best mortgage rate Buyers also ...