Buyer Decision Tool

What Will This Home Really Cost Me Every Month?

Go beyond principal and interest. Model the complete monthly household picture before you decide what “affordable” means for your life.

Any City · House + Condo · Full-Life Budget

True Monthly Cost of Homeownership

Most affordability tools stop at the mortgage. This planner models the home, transportation, food, family, lifestyle, debt and optional secondary-suite income together so you can see the monthly life attached to the property.

01 · Property profile

City / municipality Ownership / property structure

Freehold: budget separately for the home/lot maintenance you are responsible for. If the property has a POTL/common-elements fee, use that option instead. Condominium: add the monthly common-expense fee, then mark only utilities/services actually included so they are not counted twice. Exact inclusions and repair obligations must be verified from the condominium documents/status certificate.

02 · Home financing

Purchase price

Down payment

Interest rate

Amortization

If I am modelling an insured 30-year mortgage, I will independently confirm that my purchase/borrower qualifies for that option.

03 · Property carrying costs

Taxes, fees & insurance

Property tax / month

Use the actual tax bill when you have a property. Condo / POTL common fee

Enter $0 for a true freehold with no common-elements fee. Home / condo-unit insurance

Keep your own coverage separate even if a condo corporation has building insurance. Parking / locker / other condo fee

Special-assessment reserve

Optional personal reserve—not a prediction of an assessment.

Utilities & home services

Condo fees differ. If a service is included in the common expenses, check it below and the planner will remove that separate line from the total to avoid double-counting.

Electricity

Heating / natural gas

Water / sewer

Hot-water tank / equipment rental

Internet / TV

Cell phones

Security / alarm / monitoring

Already included in condo/POTL fee? Electricity Heat / gas Water Internet / TV

Maintenance & exterior responsibilities

General maintenance reserve

Optional savings reserve for repairs/replacements. HVAC / equipment service reserve

Lawn / landscaping

Snow removal

Pool / hot-tub maintenance

Use only if the property has one or you plan to add one.

04 · Transportation

Car lease / loan

Auto insurance

Gas / charging

Repairs / tires reserve

Parking

407 / tolls

Transit / rideshare

05 · Food, family & lifestyle

Groceries & household supplies

Dining / takeout / coffee

Childcare / school / activities

Pets

Health / prescriptions / benefits gap

Clothing / personal care

Entertainment / memberships

Streaming / apps / subscriptions

Travel / gifts / seasonal reserve

Other recurring spending

06 · Other debt commitments

Student / personal loans

Credit cards / lines of credit

Support / other fixed obligations

07 · Income reality check

Household take-home income / month

Use after-tax take-home for this lifestyle planner—not gross mortgage-qualification income. Other reliable net income / month

Planned secondary-suite / basement rent

Planning input only. Verify legal/permit status, realistic market rent, tenancy obligations, tax treatment and whether a lender will recognize any rental income. Target breathing room after expenses

Example: 20% means you want modeled expenses to use no more than 80% of modeled take-home income.

Estimated total monthly household burn—Mortgage + property + transportation + living + selected debt commitments

Mortgage principal + interest—

Property carrying cost—

Transportation—

Food, family & lifestyle—

Other debt commitments—

Total modeled take-home income—

Cash left after modeled costs—

Take-home income needed for selected breathing room—

Private Strategy Handoff

A home has to fit your life—not just the lender’s ratio.

Save the scenario, then review the property type, location, monthly trade-offs and search criteria with Manroop before you stretch—or rule out a move that may work differently.

Save + Review My Monthly Reality →

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