Monthly Carrying Costs Worksheet

1. Estimated purchase price	$		
2. Down payment	$		
3. Loan amount	$		
4. Interest rate	%		
5. Monthly mortgage payment		$	
6. Homeowners’ insurance [monthly]		$	
7. Property taxes [monthly]		$	
8. Total monthly housing costs [add lines 5-7]		$	
9. Other monthly debts			
	$		
	$		
	$		
	$		
Total monthly debts		$	
10. Private mortgage insurance [if any]		$	
11. Homeowners’ association fee [if in a planned unit development]		$	
12. Total monthly housing costs and other debts [add lines 8-11]		$	
13. Lender qualifying ratio [between 28% and 36%]		%	
14. Monthly gross income to qualify [divide line 12 by line 13]		$	
15. Yearly gross income to qualify [multiply line 14 by the number 12]		$