Gross Yearly Income: $47,250

Gross Monthly Income (Derived): $3,938

Net Monthly Income (Derived): $2,953

Yearly Property Tax (Estimated): $4,000

Monthly Property Tax (Derived): $333

Yearly Home Insurance (Estimated): $800

Monthly Home Insurance (Derived): $67

Yearly PMI (Estimated): $1,260

Monthly PMI (Derived): $105

Specials Per Year (Estimated): $2,000

Monthly Specials (Derived): $167

Monthly Car Loan Payment (Estimated): $0

Monthly Student Loan Payment: $150

Front Ratio (Percent): 29

Monthly Maximum PITI (Derived Using Front Ratio): $1,142
Back Ratio (Percent): 41
Monthly Maximum PITI + Monthly Long-Term Debt (Derived Using Back Ratio): $1,614

Monthly Maximum PI (Derived): $470

Monthly Maximum PITI (Derived): $1,142

Interest Rate (Percent): 5.000

Term (Months): 360
Maximum Loan Amount (Derived): $87,591

Purchase Price: $144,000

Down Payment (Dollars): $10,000
Down Payment Percent (Derived): 6.94%
Actual Loan Amount (Derived): $134,000
Actual Monthly PI (Derived): $716
 Actual Monthly PITI (Derived): $1,388

20% Equity Value (Derived): $28,800

To Pay Until PMI Cancellation (Derived): $18,800

Tax Savings Per Month (Estimated): $150

Actual Monthly PITI + Monthly Long-Term Debt (Derived): $1,538

Left Per Month (Derived): $400

Groceries: $310
Utilities: $250
Cell Phone: $45
Gasoline: $60
Hobbies: $50
Alcohol: $50
Home Maint: $75
Car Maint: $10
Medical: $75
Clothing: $50
Gifts: $20
Dental: $20