Home Buying Financial Analysis

Can you afford this home?

YES You’re in a
Strong Position

Monthly Home Payment

$2,580 /mo

31% of your take-home pay Healthy

Cash Left Over

$1,720 /mo

After all expenses & housing Strong

Down Payment $47,500 10% of home price Good

Closing Costs $14,250 Estimated Included in analysis

Home Affordability
Score

92 Excellent

$2,580 Total / month

Principal & Interest $1,910 74%

Property Taxes $380 15%

Homeowner's Insurance $150 6%

HOA Fees $100 4%

PMI $40 1%

Where your money goes each month.

$7,910

Monthly
Income

-$2,580 Housing
Payment

-$1,890 Other
Expenses

-$450 Debt
Payments

-$1,270 Savings

$1,720

Cash Left
Over

You keep $1,720 each month after everything, including this home.

Total Monthly Debt $450

Debt-to-Income Ratio 16% Excellent

VA Loan Funding Fee $0 Exempt

Down Payment (10%) $47,500

Closing Costs (Est.) $14,250

Prepaids & Escrow (Est.) $3,100

$18,750 Cash reserves remaining Good

You’ll have 4.2 months of expenses in reserve.

Based on your income, expenses, debt, and current interest rates, this home fits well within your financial picture.

31% of take-home pay

Within the healthy range (Below 36%)

Lower Price $425,000 $2,310 /mo 27%

Selected Home $475,000 $2,580 /mo 31%

Higher Price $525,000 $2,840 /mo 34%