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.
Assess your current income, spending, and savings.
Monthly spending and savings
Electricity, gas, water, phone, internet, etc.
Student loans, car loans, credit card debt, etc.
Living & other expenses:
Groceries, transportation, child care, child support,
eating out, health, entertainment, etc.
Amount you put away each month from your
spending and savings:
Your total monthly spending and savings should be
no more than your total monthly take-home income.
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Learn more at consumerfinance.gov/owning-a-home