Home Details
Start with the basics
$
$
%
0% (VA/USDA)20%+ (No PMI)
Monthly PMI We've estimated this. Enter your actual PMI if you know it.
Estimated
$/mo
Loan Details
Interest rate and term
%
Property Costs
Taxes & insurance
%
$/yr
Household Income
Combined take-home pay (after taxes, 401k, etc.)
$
≈ $7,000/month take-home
We ask for take-home instead of pre-tax income because it's more accurate and actionable — it's what you actually have to spend.
Monthly Debts & Obligations
Recurring payments you're committed to
$
$
$
$
Total monthly obligations: $0
Additional CostsHOA & hazard insurance add to payment; utilities & maintenance to living costs
HOA & Hazard Insurance are added to your monthly payment. Utilities & Maintenance affect what's left for living.
HOA Fees
Monthly homeowners association dues
$/mo
Utilities
Electric, gas, water, internet, etc.
$/mo
Maintenance Reserve
Recommended: 1% of home value annually
$/mo
Additional Hazard Insurance
Flood, earthquake, hurricane, wildfire — depends on location
$/yr
Estimated Monthly Payment
$2,847
per month total
Principal & Interest$2,100
Property Tax$367
Home Insurance$150
Housing-to-Income RatioComfortable
0%35%50%65%+
28% of your income goes to housing. Under 35% of take-home is generally comfortable.
What's Left for Living
After housing & debts each month
$3,820
Healthy cushion for groceries, savings & fun
Monthly income$7,000
− Housing costs−$2,847
− Debts & obligations−$0
− Est. utilities & maintenance−$633
= Remaining for everything else$3,820
This covers groceries, gas, entertainment, savings, and emergencies.
Estimated Living Costs
Estimated Monthly Living Costs
Groceries$500-700
Gas & car maintenance$300-500
Other essentials$300-500
Est. living costs (mid-range)~$1,700/mo
What's left for living$3,820
After living costs$2,120
You'd have enough remaining for savings & fun.
$320,000
Loan Amount
$88,000
Cash Needed to Close*
*Includes down payment + ~2% estimated closing costs