Develop a Budget
There is usually a difference between the amount you can qualify and the amount you can afford. Creating a household budget will help you determine much you can afford to spend monthly on housing expenses. Home buyers, especially first time home buyers, don’t realize the additional costs that owning a home can create or how much you actually spend going out on the town.
Please use the following form to prepare your monthly budget, remember to consider and plan for future expenses that you will occur.
Once you have completed your budget you will be able to determine the mortgage payment you can afford. Use our Affordability Calculator below to help you estimate your maximum purchase price.
Calculate how much you can afford with our home affordability calculator.
You must enter only numbers into the fields. Example: 50000 and not 50,000
Income and Debt Obligations
|Current Combined Monthly Gross Income||$|
|Monthly Child Support Payments||$|
|Monthly Auto Payments||$|
|Monthly Credit Card Payments||$|
|Monthly Association Fees||$|
|Other Monthly Obligations||$|
|Taxes and Insurance Payment||$|
|Maximum Mortgage Payment||$|
|New Home Payment Factors|
|Down Payment Amount||$|
|Maximum Loan Amount||$|
Next Step: Talk with a Lender
Back to: Colorado Buyer’s Guide