Post on 06-Jul-2015
transcript
?Can We Afford It?
Utilities Expenses $500
(Electric, Phone, TV, Water & Sewer, Trash)
Auto Payment $800
Grocery Expense $500
Home Insurance $200
Auto Insurance $300
Total Monthly Expenses $2300
prior to House Payment
Husband
Net Monthly Take Home Pay After Taxes
$2200
Wife
Net Monthly Take Home Pay After Taxes
$2200
HUSBAND $2200
WIFE $2200
TOTAL INCOME $4400
MONTHLY INCOME $4400
MONTHLY EXPENSES $2300
INCOME LEFT FOR
NEW HOUSE $2100
All payments are calculated based on 6% fixed interest over 30 years.
House #1 $150,000 $ 900
House #2 $200,000 $1200
House #3 $250,000 $1500
Income Left For House Payment $2100
Income After Payment
House #1 $900 $1200
House #2 $1200 $ 900
House #3 $1500 $ 600