Debt Ratio calculations ? car or house option , i want both ?

Ratios will vary depneding on credit and income. They figure everything on gross. Loans can be made on up to 50% total debt of your gross. If you make 2990, a loan officer COULD give you a loan on total debt of 1500 or so. 330 student loan + 300 car deducted from 1500 leaves 870 for a house payment. The remaining bills; cable utilities, insurance , groceries etc... are umes to be paid from the other 50%. If you take home 2300 of your 2990, and spend 1500 on bortgage, car payment etc.. that leaves 800 to pay your other bills. If this leaves you money to live on, then go for it. If not consider keeping your old car and just getting the house.