Can we afford this house?

The house

Mortgage P&I
Property tax
Homeowners insurance
PMI (if <20% down)
Maintenance reserve
Total / month
Property-tax rates vary a lot by state and town (roughly 0.3%–2.2% of value/yr). Look up your town's rate and enter it above.

Starting position — funding the purchase

Total cash + investments
Checking $
Savings $
Invested (brokerage) $
Down payment
Closing costs $
Moving costs $
Cap-gains tax on sold investments
Cash reserve after closing

Income & take-home

Earner 1

Base salary
Bonus (% of base)
401(k) employee contribution (% of base)

Earner 2

Base salary
Bonus (% of base)
401(k) employee contribution (% of base)
Combined gross
401(k) contributions
Pre-tax health & benefits (annual)$
Federal income tax
FICA (Soc. Sec. + Medicare)
State income tax
Other deductions (annual)$
Take-home / year
Take-home / month (avg)

Your monthly expenses $0

Everything except the house. Change the numbers, rename a line, delete what doesn't apply, or add your own (e.g. "Internet · $100").

Monthly cash flow

Take-home
$0
per month
Total outflow
$0
house $0 + expenses $0
House as % of take-home
0%
under 28% is roomy
Left over
$0
to save/invest

Emergency fund

How long until you're back to a cushion, saving your surplus each month. Your starting reserve comes straight from the funding math above.

Cash reserve right after closing
$0
from your starting position
—
Affordable

Comfortable month to month

$0
left over / month