FHA Mortgage Loan Payment Calculator | What's My Payment?
Interesting tidbit if we plug in a rough estimate of a 15 year mortgage with 3.5 interest(the best) with the lowest down payment (assuming bc bankruptcy so not lots of time to save) we calculate property taxes at $4000 ( I guessed low if you know exact amount you can refigure, I did not include homeowners insurance cost) $3409 a month . Then his income after taxes $65000 taxes married would be about $51000 (basing federal 15% fica 7.65 %state 4.63%) $4250 would be (assuming no other cost deductions ) monthly income
He would be left with a little over $800 from his income. Now we have Lexus insurance, homeowners , family clothing , private schools, eating healthy groceries cost more, medicines and co pays, gas, phones , utilities, WiFi, travel expense for both of them and her trips individually... assuming Lexus lease amount 100 percent covered. There is a likelihood in my opinion things could be financially strained. Her expenses although tax deductible would be a write off towards her tax owed, therefore costs would be upfront .