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How much house can I afford?
What has happened?Couple received a 20% raise
What has happened?Couple received a 20% raise
They have paid off the car
What has happened?Couple received a 20% raise
They have paid off the car
And…..
What has happened?Couple received a 20% raise
They have paid off the car
And…..
Since they will be buying a house they no longer need to pay rent!
Sample CalculationSuppose that your couple has the following:
300$omeposableIncMonthlyDis000,55$sPayAnnualGros
000,44$ayAnnualNetP
750$Re nt
250$CarNote
Sample Calculation – Promotion000,55$sPayAnnualGros
Sample Calculation – Promotion000,55$sPayAnnualGros
000,11$)20.0(000,55$%20 Increase
Sample Calculation – Promotion000,55$sPayAnnualGros
000,11$)20.0(000,55$%20 Increase000,66$yNewGrossPa
Sample Calculation – Promotion000,55$sPayAnnualGros
000,11$)20.0(000,55$%20 Increase000,66$yNewGrossPa
200,13$)20.0(000,66$ NewTax
Sample Calculation – Promotion000,55$sPayAnnualGros
000,11$)20.0(000,55$%20 Increase000,66$yNewGrossPa
200,13$)20.0(000,66$ NewTax800,52$200,13$000,66$ NewNetPay
Sample Calculation – Promotion000,55$sPayAnnualGros
000,11$)20.0(000,55$%20 Increase000,66$yNewGrossPa
200,13$)20.0(000,66$ NewTax800,52$200,13$000,66$ NewNetPay
000,44$OldNetPay
Sample Calculation – Promotion000,55$sPayAnnualGros
000,11$)20.0(000,55$%20 Increase000,66$yNewGrossPa
200,13$)20.0(000,66$ NewTax800,52$200,13$000,66$ NewNetPay
000,44$OldNetPay800,8$000,44$800,52$ NetPayDifference
Sample Calculation – Promotion000,55$sPayAnnualGros
000,11$)20.0(000,55$%20 Increase000,66$yNewGrossPa
200,13$)20.0(000,66$ NewTax800,52$200,13$000,66$ NewNetPay
000,44$OldNetPay800,8$000,44$800,52$ NetPayDifference
33.733$12
800,8$
ePayIncreasMonthlyNet
Sample Calculation – New Disposable Income
300$omeposableIncMonthlyDis
Sample Calculation – New Disposable Income
33.733$ePayIncreasMonthlyNet
300$omeposableIncMonthlyDis
Sample Calculation – New Disposable Income
33.733$ePayIncreasMonthlyNet
300$omeposableIncMonthlyDis
250$CarNote
Sample Calculation – New Disposable Income
33.733$ePayIncreasMonthlyNet
300$omeposableIncMonthlyDis
750$Re nt250$CarNote
Sample Calculation – New Disposable Income
33.733$ePayIncreasMonthlyNet
300$omeposableIncMonthlyDis
750$Re nt250$CarNote
33.033,2$bleIncomeNewDisposa
How much house can I afford?
33.033,2$
How much house can I afford?
33.033,2$