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You have a mortgage payment of $1,248.90/month. Using proportions, what is the minimum amount you must have in realized income per month to keep your housing expense in acceptable range?

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abiolataiwo2015

Using proportions, the minimum amount you must have in realized income per month is $4,460.36.

Minimum amount realized on income per month

Let assume you spent  28% of your monthly income on rent, now let determine the  minimum amount you have realized.

Minimum amount=Mortgage payment/Monthly income percentage

Minimum amount=$1,248.90/month/0.28

Minimum amount=$4,460.357

Minimum amount=$4,460.36(Approximately)

Inconclusion Using proportions, the minimum amount you must have in realized income per month is $4,460.36.

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