Monthly Payment Worksheet Template

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MONTHLY PAYMENT WORKSHEET
Define what is affordable for you.
Only you can decide how much you feel comfortable spending
This worksheet is
on a home. This worksheet will help you plan for the future and
designed for first-time
calculate a monthly payment that is affordable to you.
home buyers.
Assess your current income, spending, and savings.
Monthly income
Monthly spending and savings
$
PRE-TAX INCOME
Rent:
G
$
Your income:
A
$
Utilities:
H
$
Co-borrower’s income:
Electricity, gas, water, phone, internet, etc.
B
$
Debt payments:
I
Total monthly
C
$
pre-tax income:
Student loans, car loans, credit card debt, etc.
$
Living & other expenses:
J
Groceries, transportation, child care, child support,
TAKE-HOME INCOME
eating out, health, entertainment, etc.
$
Your income:
D
$
Savings:
K
Amount you put away each month from your
$
Co-borrower’s income:
E
take-home income.
Total monthly
Total monthly
F
L
$
$
take-home income:
spending and savings:
Your total monthly spending and savings should be
no more than your total monthly take-home income.
Consumer Financial
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Learn more at consumerfinance.gov/owning-a-home
Protection Bureau

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