1. Calculate Estimated Funds Needed to Close:

10% of Purchase Price =

Estimated Closing Costs:

Amount Needed for Home Owner's Insurance:
(See your Insurance Agent)

Total Estimated Funds Needed to Close:

2. Calculate Estimated Monthly Housing Expense:

(click here to calculate) Estimated Mortgage Payment:

Real Estate Property Taxes (monthly):

Homeowner's Insurance (monthly):

Private Mortgage Insurance (if applicable):

Homeowner's Association Dues (if applicable):

Total Estimated Monthly Housing Payments:

3. Calculate Your Debt-To-Income Ratio:

Gross Monthly Income:

(click here to calculate) Estimated Mortgage Payment:

Other Monthly Debts:

Other Monthly Debts:

Other Monthly Debts:

Other Monthly Debts:

Other Monthly Debts:

Total Monthly Debt Payments:

Debt Ratio: %

(Acceptable Range 32%-40%)