reqd_income: Minimum Required Income for Homeownership

Description Usage Arguments Value Examples

View source: R/reqd_income.R

Description

Minimum annual income required for total housing costs to remain at or below set percent threshold of household income:

Usage

1
reqd_income(monthlypayment, housing_cost_rate = 0.3)

Arguments

monthlypayment

Total Monthly payments towards home-ownership

housing_cost_rate

Monthly rate (out of 1) towards home-ownership costs (default: 0.3)

Value

Minimum Annual Income required to keep monthlypayment at or below set percent threshold of household income:

Examples

1
2
reqd_income(monthlypayment = 2000,
            housing_cost_rate = 0.30)

aseemdeodhar/mortgager documentation built on Jan. 28, 2021, 12:53 p.m.