Monthly budget planner


Completing the monthly budget planner is a good way to get started.

The monthly budget planner will help you analyze your current and future housing related expenses. Fill out how much information as you can and use this information as you and your lender decide on your mortgage plan.
 

Section 1: Income - include all sources of income

Your net income is the amount of your paycheck after all deductions have been taken. Include child support, foster care, alimony, unemployment compensation, Social Security, seasonal employment income, commission income, etc.

 

Note: This is for budget purposes only. This information is not applied to your application process.The planner includes recurring monthly debt to consider that may or may not be considered in the underwriting process. These may be current costs and estimated costs with the new home and can vary depending on your situation. This is for your own personal calculations on building a budget.

 
Net paycheck:
Other income:
Total income (calculated):


1. Housing

  Current After home purchase
Rent/mortgage
Current
After home purchase
Real estate taxes
Current
After home purchase
Renters/ homeowners insurance
Current
After home purchase
Home association dues
Current
After home purchase

2. Installment loans

  Current After home purchase
Automobile(s)
Current
After home purchase
Furniture/appliances
Current
After home purchase
Installment
Current
After home purchase
Student loans
Current
After home purchase

3. Revolving credit

  Current After home purchase
Visa
Current
After home purchase
Mastercard
Current
After home purchase
Other
Current
After home purchase

4. Utilities

  Current After home purchase
Electricity
Current
After home purchase
Gas
Current
After home purchase
Cable TV/WiFi/Internet
Current
After home purchase
Phone
Current
After home purchase
Water/sewage/garbage
Current
After home purchase

5. Insurance

  Current After home purchase
Automobile
Current
After home purchase
Health
Current
After home purchase
Life
Current
After home purchase
Dental
Current
After home purchase
Disability
Current
After home purchase
Mortgage
Current
After home purchase

6. Spousal/child care

  Current After home purchase
Alimony/Child Support
Current
After home purchase
Child care
Current
After home purchase
School fees/tuition
Current
After home purchase

7. Donations

  Current After home purchase
Church
Current
After home purchase
Charities
Current
After home purchase

8. Medical (not covered by insurance)

  Current After home purchase
Doctor/Dentist
Current
After home purchase
Drugs
Current
After home purchase
Hospital
Current
After home purchase

9. Transportation

  Current After home purchase
Gasoline
Current
After home purchase
Public transportation
Current
After home purchase

10. Pets

  Current After home purchase
Food
Current
After home purchase
Veterinary expenses
Current
After home purchase
Daycare
Current
After home purchase

11. Food

  Current After home purchase
Groceries
Current
After home purchase
School/work lunches
Current
After home purchase

12. Clothing

  Current After home purchase
New clothes
Current
After home purchase
Dry cleaning/laundry
Current
After home purchase
Uniforms/required items
Current
After home purchase

13. Household operations

  Current After home purchase
Repairs/maintenance
Current
After home purchase

14. Major improvements

  Current After home purchase
Air conditioning
Current
After home purchase
Heating system
Current
After home purchase
Appliances
Current
After home purchase
Siding
Current
After home purchase

15. Professional services

  Current After home purchase
Attorney
Current
After home purchase
Accountant
Current
After home purchase

16. Miscellaneous

  Current After home purchase
Club/sports/hobbies
Current
After home purchase
Entertainment (dining out, movies, etc.)
Current
After home purchase
Vacation
Current
After home purchase
Other
Current
After home purchase

17. Savings

  Current After home purchase
Regular savings
Current
After home purchase
Holiday account
Current
After home purchase
College fund
Current
After home purchase
Retirement fund(s)
Current
After home purchase

Totals

  Current After home purchase
 
Current

After home purchase
 
 
Total remaining after expenses:


 
Note: This planner includes recurring monthly debt to consider that may or may not be considered in the underwriting process. These may be current costs and estimated costs with the new home and can vary depending on your situation. [this is for your own personal calculations on building a budget]