WHAT CAN I SPEND ON MONTHLY MORTGAGE PAYMENTS?
Print the following worksheet out and use it to determine how much you can spend on monthly mortgage payments.

1. YOUR AVERAGE MONTHLY INCOME

   - Take-home pay ........................ $ __________________

   - Rent, dividents, interest ............ $ __________________

   - Other stable income sources .......... $ __________________

     TOTAL ................................ $ __________________


2. YOUR AVERAGE MONTHLY NON-HOUSING EXPENSES

   - Food, household supplies ............. $ __________________

   - Clothing ............................. $ __________________

   - Medical costs and insurance .......... $ __________________

   - Life and casualty insurance .......... $ __________________

   - Car-related expenses (i.e., insurance) $ __________________

   - Education ............................ $ __________________

   - Commuting ............................ $ __________________

   - Installment payments/interest charges  $ __________________

   - Recreation, hobbies .................. $ __________________

   - Telephone ............................ $ __________________

   - Donations, dues, fees, etc. .......... $ __________________

   - Personal (barber, cleaning, etc.) .... $ __________________

   - Savings/investment program ........... $ __________________

   - Miscellaneous ........................ $ __________________

     TOTAL ................................ $ __________________


3. YOUR MONTHLY INCOME AVAILABLE FOR HOUSING

   - Net average income (total from 1) .... $ __________________

   - Average monthly income available for
     housing expense ...................... $ __________________


4. AVERAGE MONTHLY HOUSING EXPENSE

   - Condominium or homeowner association
     fee .................................. $ __________________

   - Mortgage payment, principal and 
     interest ............................. $ __________________

   - Property taxes (if not included in
     mortgage payment) .................... $ __________________

   - Insurance ............................ $ __________________

   - Utilities (gas, electric, etc.) ...... $ __________________

   - Miscellaneous ........................ $ __________________

     TOTAL ................................ $ __________________

    

This calculation is intended for demonstration purposes only, and is not a commitment for financing. The above results are estimated using generalized assumptions. Actual amounts and price ranges will vary depending on your unique situation. The specific terms of your loan, other monthly obligations, and the amount of other fees must be determined by a financial representative. Please call us at (724) 775-6933 should you require more specific and personalized information.