It does not take into account any product features or any applicable fees. IMPORTANT INFORMATION: Any information provided does not constitute an offer of credit and are examples of what may be available to you based on the information available. Different terms, fees or other loan amounts might result in a different comparison rate. WARNING: The comparison rate is true only for the example given and may not include all fees and charges. We encourage you to seek personalized advice from qualified professionals regarding all personal finance and real estate issues.*Comparison rates are based on a home loan of $150,000 for 25 years. We can not and do not guarantee the accuracy or the applicability of this mortgage calculator to your circumstances. Monthly Home Buying Household Budget Calculator Disclosure* - The information provided by this mortgage calculator is for purposes of general consumer education only and is not intended as a substitute for advice from a qualified professional, such as, but not limited to, a lawyer, mortgage broker, accountant, investment advisor, insurance broker, financial planner, real estate agent or home inspector. You may use the drop-downs to refine the property taxes and homeowners insurance results:Įstimated Property Taxes based on per year.Įstimated Homeowners Insurance of per year. Refine Property Taxes & Homeowners Insurance Private Mortgage Insurance (PMI), if less than 20% down paymentįinal Results of Monthly Home Buying Household Budget Analysisįinal Remaining Income for After all Expenses Analyze your current monthly budget to see where you can trim expenses and save money without affecting your normal standard of living. If this figure is 'RED' you will be spending more than you make which can lead to significant financial problems in the future. View your 'net' remaining take home pay after expenses and mortgage payment. Results of Monthly Home Buying Household Budget Analysisīelow you will find the results of your monthly budget analysis. Use this mortgage calculator to estimate the monthly mortgage payment of the property you wish to purchase. Other Transportation / Parking / Express Lane Expenses

Personal Loans / Retirement / Secured Loans Groceries / Food - (Not including eating out)ĭaycare / Private School / After School Care (See your monthly paystubs to total up your combined pay) Home Buying Household Budget Calculator / / /Įnter Take-Home Net Pay (Note: Net Income = after taxes) Step 3: Select down payment and mortgage termsĬlick: 'Calculate Your Monthly Net Budget After Expenses and Mortgage' Step 2: Enter your current monthly household budget for each item Step 1: Enter your combined 'Take-Home' pay It is important to make sure you will have enough money left over after paying all of your bills and mortgage payments as you do not want to live check to check. Remember, you want to 'live in' a home not 'live for' a home. Home Buying Household Budget Calculator* - Use the calculator to review your current household budget and determine how much money you will have left over after all your expenses and new mortgage payment.

House buying budget calculator