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Estimating Monthly Expenses

To determine the monthly amount of funds you may have available for a mortgage, use this worksheet to compare your non-housing expenses to your gross monthly income.  Note: as a homeowner, your monthly housing expenses will include the monthly mortgage payment, property taxes and homeowner’s insurance (escrow items), condominium fee (if applicable), utilities, and maintenance cost. Print for your use!
Current Housing Expenses

Average Monthly Payment

Rent

$ _______________

Utilities   $ _______________
  __________________________ $ _______________
  __________________________ $ _______________
  __________________________ $ _______________
  __________________________ $ _______________
Current Non-Housing Expenses
Food & Clothing $ _______________
Day Care/Tuition $ _______________
Auto Insurance, Repairs, Gas & Oil $ _______________
Health Care/Other Insurance $ _______________
Entertainment $ _______________
Taxes  $ _______________
Telephone $ _______________
Other $ _______________
  ___________________________ $ _______________
  ___________________________ $ _______________
  ___________________________ $ _______________
  ___________________________ $ _______________
Debt Payments
Car loans $ _______________
Credit Cards $ _______________
Other Loans $ _______________
  ___________________________ $ _______________
  ___________________________ $ _______________
  ___________________________ $ _______________
  ___________________________ $ _______________
  ___________________________ $ _______________
  ___________________________ $ _______________
  ___________________________ $ _______________
Savings $ _______________
Total Monthly Expenses & Savings

$ _______________


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