First-Time Home Buyer
Financial Outlook Worksheet
Determine a comfortable monthly mortgage payment while still maintaining your lifestyle, savings goals, and financial flexibility.
Your Progress
0% complete
Live Budget Summary
Monthly Net Income
$0
Total Debt
$0
Essential Expenses
$0
Lifestyle Spending
$0
Savings Goals
$0
Homeowner Costs
$0
Monthly Budget Breakdown (of Net Income)
1
Income Snapshot
Your gross income & deductions
$0 / mo
▾
Gross Annual Income
Your total salary/wages before taxes and deductions.
Bonus / Commission / Overtime (annual)
Other Income (annual)
Retirement Contributions
Monthly 401(k), IRA, or other retirement contributions deducted from your paycheck.
Monthly amount
Health Insurance Deductions
Monthly amount
Estimated Tax Bracket
Select your approximate federal + state effective tax rate.
Estimated Monthly Net Income
$0
2
Current Monthly Debt Obligations
All recurring debt payments
$0 / mo
▾
Car Payments
Student Loans
Credit Card Minimums
Personal Loans
Child Support / Alimony
Phone Financing / BNPL
Current Rent
Will be replaced by mortgage
Other Debt
Total Monthly Debt Payments
$0
3
Essential Living Expenses
Non-negotiable monthly costs
$0 / mo
▾
Groceries
Gas / Transportation
Car Insurance
Health / Medical
Utilities
Internet
Cell Phone
Childcare
Pet Expenses
Household Supplies
Other Essential Expense
Total Essential Spending
$0
4
Lifestyle & Flexible Spending
Discretionary monthly expenses
$0 / mo
▾
Dining Out
Coffee / Snacks
Entertainment
Travel / Vacations
Shopping / Clothing
Gym / Memberships
Streaming Services
Beauty / Self-Care
Hobbies
Gifts / Holidays
Other Lifestyle Expense
Total Lifestyle Spending
$0
5
Savings Goals
Monthly amounts you want to save
$0 / mo
▾
Emergency Savings
Aim for 3–6 months of expenses
Retirement Investing
Vacation Savings
General Investing
Kids Savings / 529
Future Home Maintenance Savings
Total Monthly Savings Goals
$0
6
Future Homeownership Costs
Costs beyond the mortgage payment
$0 / mo
▾
HOA Dues
Maintenance Reserve
Typically 1% of home value / year
Lawn / Snow Care
Furniture / Furnishings
Repairs / Improvements
Increased Utility Costs
Total Future Homeowner Costs
$0
7
Spending Reflection
Honest self-assessment questions
Qualitative
▾
8
Comfortable Mortgage Payment Estimate
Auto-calculated from your entries above
$0 / mo
▾
Monthly Net Income
$0
Minus Debt Payments (excl. rent)
− $0
Minus Essential Spending
− $0
Minus Lifestyle Spending
− $0
Minus Savings Goals
− $0
Minus Future Homeowner Costs
− $0
Remaining Comfortable Housing Budget
$0
Reminder:
The goal is not simply to determine what you qualify for — it is to determine what allows you to comfortably enjoy homeownership while still saving money and maintaining your lifestyle.
Your Comfortable Monthly Mortgage Budget
$0
Based on your entries, this is the maximum monthly mortgage payment that keeps your finances healthy.
Net Income
$0
Total Outflows
$0
DTI Ratio
—
Budget Used
—
