Homebuying Affordability Calculator | Monthly Household Budget
Free Household Spending Tool

Homebuying Affordability Calculator

Most people know what they earn. Far fewer know how much money is actually leaving their account every month. That is why a real household budget can feel like a shock to the system. Start entering the bills you already pay. This calculator will total everything automatically and show you what remains after your normal monthly expenses.

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Housing

Start with the housing costs you pay today.

Enter the full monthly amount leaving your account.
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Enter zero if you do not pay it.
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Enter zero if this does not apply.
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Examples: lawn care, pest control, pool service, filters, small repairs and supplies.
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Utilities & Communications

Use an average month when the bill changes seasonally.

Average monthly bill.
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Average monthly bill.
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Enter zero if this does not apply.
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Enter separately unless included with water.
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Enter separately unless included with another utility.
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Home internet service.
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Total household mobile-phone cost.
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Netflix, Disney+, Hulu, Max, YouTube Premium, Prime Video, cable and satellite.
$

Transportation

Combine multiple vehicles when that is easier.

Cars, trucks, motorcycles or other financed vehicles.
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Use a monthly average if paid every 6 or 12 months.
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Gasoline, diesel or electric-vehicle charging.
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Oil changes, tires, repairs, tags and registration.
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Tolls, parking, public transit, Uber or Lyft.
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Food & Household

This is one of the most commonly underestimated areas.

Food purchased for the household.
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Include fast food, work lunches, DoorDash, Uber Eats and similar purchases.
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Coffee shops, snacks, vending machines, gas-station purchases and energy drinks.
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Cleaning products, paper goods, toiletries and routine supplies.
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Children & Family

Enter zero for anything that does not apply.

Daycare, preschool, babysitting or after-school care.
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Use the actual monthly obligation.
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Sports, dance, music lessons, gymnastics, camps, clubs and similar costs.
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Tuition, lunches, supplies, field trips, fees and tutoring.
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Helping parents, adult children or other relatives.
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Health & Insurance

Only enter amounts actually leaving your account.

Exclude payroll deductions if using take-home income.
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Prescriptions, co-pays, therapy, specialists and over-the-counter medications.
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Monthly premiums paid outside payroll.
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Gym, supplements, classes and recurring wellness costs.
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Debt & Required Payments

Enter monthly payments—not total balances.

Use what you normally pay each month.
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Monthly required or actual payment.
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Include consolidation and unsecured loans.
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Tax plans, medical plans, Affirm, Klarna, Afterpay and similar payments.
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Any recurring debt or legal obligation not already listed.
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Lifestyle, Pets & Savings

Include the smaller recurring charges that are easy to miss.

Clothing, Amazon, haircuts, salon, cosmetics and routine shopping.
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Gaming, movies, golf, fishing, events and hobby spending.
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Apps, software, music, cloud storage, clubs and memberships not counted earlier.
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Food, grooming, medication, insurance and routine veterinary care.
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Church, charities, recurring gifts and community support.
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Exclude payroll deductions if using take-home income.
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Regular monthly transfers to savings.
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529 plans, brokerage accounts and other investments.
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Monthly average for holidays, birthdays, travel, school fees, tags and annual memberships.
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Anything leaving the account that does not fit above.
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Monthly Household Income

Use total take-home household income so payroll taxes and payroll deductions are not counted twice.

Include reliable income deposited into the household each month.
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Examples: VA disability, retirement, Social Security, regular child support received or rental income.
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Total monthly income$0
Total monthly spending$0
Money remaining each month$0
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This calculator is for household planning and educational purposes only. It does not determine mortgage qualification, loan approval, interest rate, maximum loan amount, taxes, insurance, HOA costs or closing costs. Douglas Wilkerson | NMLS 1680719 | Edge Home Finance | Equal Housing Opportunity.