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Home buying worksheet

Before you start looking at houses, you need to figure out how much house you can afford. If you’re renting now, you’ll need to allow for homeowner costs such as property taxes, property repairs and maintenance.

Use this worksheet to help determine how much money is coming in, how much is going out, and how much is left over to buy a home. Be sure to leave some play money so you can continue doing the activities you enjoy.


Step 1. Add up your income
Annual wages __________
Dividends/Interest __________
Bonuses __________
Other income __________
Total income __________

Step 2. Add up your expenses
Taxes __________
Food __________
Insurance __________
Car loan __________
Car expenses __________
Credit card bills __________
School loans __________
Other loans __________
Child care __________
Clothing __________
Education __________
Savings __________
Entertainment __________
Vacations __________
Charity __________
Other __________
Total annual expenses __________

Step 3. Subtract your total expenses from your total income to get your disposable income
Total annual income __________
Total annual expenses __________
Disposable income __________

Step 4. Divide your annual disposable income by 12 to get a monthly figure.
Mortgage payment you can afford __________