?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