Mortgage & Move Planner

Explore affordability and tradeoffs. This is directional, not financial advice.

Home Base
active

$68,600/yr · $38,000 down

NYC

$180,000/yr · $43,000 down

Income and MortgageHome Base

Real Purchase Roof

$130,481

Down payment supports $150,217, but income limits you to $130,481. $4,539 remaining after all upfront costs — choose a strategy below.

$460/mo in debt obligations reduces your roof by ~$20,000.

Each 1% lower rate raises your roof by ~$11,000.

Income Sources

$5,717/mo

Drive Uber

$600/mo

Rental Unit

$950/mo

Pat

$35,000/yr

Jamie

$50,000/yr

Total Gross Income$5,717/mo
(-) Withholdings (~23%)-$1,292/mo
= Net Take-Home$4,425/mo
(-) Existing Debt Obligations$460/mo
(-) Payment Ceiling (P+E)$1,063/mo
= 27% DTI(43% max)
Resulting Lifestyle Income$2,903/mo

One or more sources entered as net — withholding row reflects gross items only.

$1,063
$694 P&I + $367 escrow
% of take-home income

Purchase Roof

Limiting factor

$130,481

$1,063/mo · 20% down · 7.00%

Recommended: 25-30% for comfortable living, up to 35% for aggressive buying

Upfront Cash Sources

$38,000

Savings Account

$18,000

Family Gift

$20,000

Sell Investments

$7,000

Where your cash goes

Before closing

Pre-Close (inspection, appraisal)$950

At closing

Down Payment (20%)$26,096
Closing Costs (~3%)$3,914

After closing

Moving & Setup$2,500
Total Cash Needed$33,460

$4,540 remaining from your $38,000 sources

Purchase Roof

Not limiting

$150,217

$38,000 at 20% down

💰 $4,540 remaining after all costs — use it strategically

Choose your strategy:

💰 Save it

Keep $4,540 for emergencies or other goals

📉 Reduce loan amount

Apply $4,540 extra to down payment → Lower loan amount → Save ~$30/month

🏠 Buy more expensive house

Use full $38,000 down payment → Stay within your $1,063/month budget

Mortgage Details

30yr • 20% down • 7.00%

Loan Term

15 Year Term
20 Year Term
30 Year Term

Down Payment %

10%
15%
20%
25%

Credit Score

Very Poor<620
Poor620–639
Fair640–679
Good680–719
Very Good720–759
Exceptional760+

Interest Rate

Market ref:%
Estimated for your profile: 7.38%(Good30yr • 20% down)
% APR

Debt Obligations · 8% DTI (43% Max)

Credit Card Payment
$175/mo min
Balance: $6,200
Auto Loan
$285/mo min
Balance: $12,800
Total: $460/mo in minimum payments
No sample listings for Springfield, IL — showing all properties