Household Budgeting Calculator
Detailed monthly budget with individual income sources, credit report liabilities, proposed housing payment, DTI ratios, and residual income.
Borrower & Loan Information
💰
Money Coming In
Employment / Application Income
$0
/mo
Total Qualifying Income
$0
Additional Income (not on application)
$0
/mo
/mo
/mo
Total Monthly Income (Gross)
$0
Income Adjustments
%
%
After-Tax Monthly Income
$0
Monthly Savings Allocation
$0
Spendable Income (after tax & savings)
$0
🏦
Savings & Reserves
Total Reserves
$0
Months of Reserves (based on total housing payment)
0
💸
Money Going Out
Proposed Monthly Housing Payment
$0
/mo
/mo
/mo
/mo
/mo
/mo
/mo
Credit Report Liabilities
$0
Creditor
Type
Balance
Payment
Mo.
Omit
Payoff
Active Liabilities (included in DTI)
0
Omitted Liabilities
0
Total Payoff Amount (cash needed)
$0
Monthly Living Expenses (non-DTI)
$0
/mo
/mo
/mo
/mo
/mo
/mo
/mo
/mo
Total Monthly Expenses
$0
Budget Summary & DTI Analysis
Front-End DTI
0.00%
Housing / Qualifying Income
0%
32%
47%
65%
Enter income & housing data
Back-End DTI
0.00%
Housing + Debts / Qualifying Income
0%
47%
55%
70%
Enter income & debt data
Monthly Residual Income
$0
Qualifying Income − Housing − Debts
After DTI Obligations
$0
After All Expenses
$0
Enter all data for complete picture
Monthly Cash Flow
$0
Spendable Income − All Outflows
Total Gross Income
$0
Est. Taxes
$0
Savings Allocation
$0
Housing Payment
$0
Active Debts
$0
Living Expenses
$0
Payoff Cash Needed
$0
DTI ratios use gross qualifying income only (income on the loan application). Front-end guideline: 32%, limit: 47%. Back-end guideline: 47%, limit: 55%. Tax rate and savings allocations are for budgeting only and do not affect DTI. Omitted liabilities are excluded from DTI. Payoff liabilities are excluded from DTI but their balances are added to cash needed at closing.