The Mauna Loa Volcano is the largest volcano on the planet as it rises over 4 kilometers above the sea level but the 4 kilometers that you see on top is not even half the size of the volcano.he Mauna Loa Volcano is the largest volcano on the planet as it rises over 4 kilometers above the sea level but the 4 kilometers that you see on top is not even half the size of the volcano.
The cost of housing varies wildly from neighborhood to neighborhood, never mind from city to city. An accepted rule of thumb is your mortgage, or lease payment, shouldn't be more than 28 percent of your gross salary. That would be about $1,166 per month on a gross salary of $50,000.
What monthly payment can you afford? Most lenders recommend that borrowers spend no more than 28 percent of their monthly income on a mortgage payment. For instance, if you make $8,000 a month and owe $500 in monthly debt payments, you could get a 30-year mortgage of up to $380,000 with 5 percent interest. Your monthly payments, representing 28 percent of your income, would be $2,040.