Step 1 Monthly Income
Wages, salaries, business income after expenses
Interest, dividends or rental income
Other income (alimony, child support, pensions or Social
Security)
|
__________
__________
__________
|
| Total Monthly Income
(Step 1) $ ____________ |
Step 2 Monthly Non-Housing Expenses
Food/clothing
Medical (include insurance premiums and prescriptions)
Life insurance
Child care
Automobile expenses (loan, insurance, maintenance)
Education/student Loans
Travel/recreation
Monthly credit card payments
Monthly bank loan payments (other than a mortgage)
Alimony or child support you owe
Savings and investments
Income taxes
|
__________
__________
__________
__________
__________
__________
__________
__________
__________
__________
__________
__________ |
| Total Monthly
Non-Housing Expenses (Step 2) $
____________ |
Step 3 Amount Available for Monthly Housing
Expenses
Total Monthly Income (Step 1)
minus total Non-Housing Expenses (Step 2)
|
__________
__________ |
Equals Amount
Available for Monthly Housing Expenses (Step 3)
$_____________ |
Step 4 Monthly Estimated Housing Expense
Mortgage loan payment (principal and interest — see chart)
Property taxes
Mortgage insurance
Homeowner’s insurance (liability, flood, fire)
Utilities (heat, water, electricity, gas, trash removal)
Maintenance and repairs
Other (assessments, homeowners association dues)
|
__________
__________
__________
__________
__________
__________
__________
|
| Total Monthly
Estimated Housing Expenses (Step 4) $ ____________ |
| Compare Step 3 and Step 4 totals. The
Total Monthly Estimated Housing Expenses (Step 4) should not exceed
the Amount Available for Monthly Housing Expenses (Step 3). |
Prudential is a
registered service mark of the
Prudential Insurance Company Of America. 
Equal Housing Opportunity Equal Opportunity
Employer