ethanol/water solution is still flammable since the concentration of ethanol is still fairly rich. Phase separation can occur in fuel storage systems where water is known to be present. Blending these fuels together alters the physical and chemical characteristics of the original. fuels.
If your credit history is good, the lender may let you take out a mortgage with a monthly payment equal to 30% or even 40% of your gross monthly income.In our example, 40% would get you a yearly mortgage payment of $20,000 or $1,666.66 per month.hat $50,000 gross income is reduced to $36,000 net after 28% goes to pay taxes. Taking $20,000 out of that to pay the mortgage leaves you $16,000 to live on for the year. On a monthly basis, that's $1,333.33.
1. Prepare a detailed budget. The oldest rule of thumb says you can typically afford a home priced two to three times your gross income. So, if you earn $100,000, you can typically afford a home between $200,000 and $300,000. But thatâs not the best method because it doesnât take into account your monthly expenses and debts. Those costs greatly influence how much you can afford. Letâs say you earn $100,000 a year but have $1,000 in monthly payments for student debt, car loans, and credit card minimum payments. You donât have as much money to pay your mortgage as someone earning the same income with no debts.