Total monthly ownership budget
$4,145P&I: $2,528/monthHomebuying HQ · by MyFriendAlex
A home plan with every dollar in view.
See the monthly cost, cash to close, and savings left after your purchase. Keep quotes and next steps with the plan.
Remaining cash to close
$105,000Includes down payment; subtracts earnest already paid.Future upfront cash budget
$128,000Remaining closing + renovations + moving.Liquid cash after planned costs
$52,000$27,000 above your cash floor.1. Build the home budget.
Enter cash available today after earnest money already paid. Net lender fees and other closing costs must not overlap. Renovation and moving budgets are kept separate from cash to close.
1Purchase & loanReview 4 inputs
2Monthly ownership costsReview 6 inputs
3Closing cash & creditsReview 4 inputs
4Renovations & cash cushionReview 4 inputs
2. Keep the lender’s terms attached.
No quote expiry recorded. Ask the lender about rate-lock and quote deadlines.
Where the monthly cost comes from.
Principal & interest$2,528
Taxes$500
Insurance$200
HOA$100
PMI$0
Utilities$400
Maintenance budget$417
Loan principal: $400,000. Total modeled cash to close before earnest: $110,000. Seller credit must be permitted by the lender; this tool does not determine legal or loan-program limits.
Does the home fit your household?
Add take-home pay and spending outside the new home. Ownership costs already include the mortgage, taxes, insurance, utilities and maintenance; exclude them from other living costs.
Review household amounts
Affordability is incomplete. Enter all four household amounts and a valid home budget; blank amounts are not zero.
Inspection findings & repair budget.
Record findings and contractor estimates. Resolved findings are excluded from the open repair total. Applying the total replaces your renovation budget; add other planned work here before applying it.
$0 known open repairs
No findings recorded yet. Add a finding from your inspection report to begin.
Current renovation budget: $20,000. Findings stay separate until applied.
Estimated vs. final closing costs.
Enter the reviewed final statement amounts, including explicit zeros. These entries do not change your plan until applied. Net lender fees and other costs must not overlap.
Complete the purchase budget and all five final amounts to compare remaining cash to close.
Applying replaces the five matching budget inputs. Save or download the estimate first if you want to retain a separate comparison.
Keep dated steps in your week.
0 open steps have dates recorded. Add dates and notes in the checklist below, then review or export reminders.
Open deadline reminders →3. Keep the next steps moving.
0 of 8 steps reviewed. Check marks record your review, not lender or legal approval.
Import the calendar file to enable a one-day-before alert. Dates do not update an already imported event.
Restore a private backup
Decision Lab can save this complete input snapshot to My MFA and share a selected copy with your household. Files are read in your browser.
Budget assumptions, not an approval.
Version 1.0 uses a fully amortizing fixed-rate mortgage. PMI remains at the amount entered. Taxes, insurance, utilities and maintenance are your estimates; verify them independently. Closing costs and credits are supplied by you. Costs can change, renovations can overrun and seller credits can be restricted. Property value changes, home equity, tax benefits and ARM payments are outside this model.
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