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House Hunting Template
Instructions
Financial Information
Offer Tracker
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Financial Information

Start Here!

This page will track your financial information. This data will automatically be used on the
Offer Calculators
⁠
page to help you decide how much you can safely offer on a property.

Expenses

Begin by documenting how much you expect to spend on food, utilities, and other expenses. That will help you calculate how much you’ll want to set aside for emergency savings. You can add other rows here for other categories if you’d like.
Description
Monthly Amount
Notes
1
Food
$500.00
Open
2
Utilities
$250.00
Open
3
Other/buffer
$250.00
Open
There are no rows in this table
⁠
How many months of expenses do you want saved?
⁠
00
3
⁠
⁠
Recommended emergency savings (not including rent/mortgage for the house you’re trying to buy):
⁠
$3,000.00
⁠
⁠

Assets

How much do you currently have in cash to spend on the house? Set aside some of that amount if you want to plan for doing renovations (termite fumigation, fixing things in the inspection, cosmetic changes like painting etc.) or if you plan to buy additional furniture for the house. The rest can go towards the down payment.
Name
Amount
1
Renovations and Furniture
$10,000.00
2
Downpayment
$40,000.00
There are no rows in this table
⁠

Income

Fill out the annual gross income (highlighted in green) for each person who will be sharing the mortgage payments.
You may optionally fill out the columns in yellow to calculate estimated take-home pay. This can be useful to determine
You can list how much each person wants to save annually towards pre-tax retirement accounts (like a traditional 401k) and post-tax retirement accounts (like a Roth IRA). This will be used to help calculate the monthly take-home amount for each person.
Finally, you can estimate each person’s tax rate. (You can find federal rates for 2022
here
⁠
and you can google your state to find your state tax rates. Or you can just guess.) Again, this helps calculate the monthly take-home amount for each person.
For each offer, this information will help you see what percentage of each person’s gross and take-home pay will go towards the mortgage. You can also use this information to decide how much each person will pay per month given the house cost.
Person
Annual Gross
Pre-tax Retirement
Post-tax Retirement
Estimated Tax Rate
1
Me
$55,000.00
$5,000.00
$0.00
22%
2
Roommate
$45,000.00
$0.00
$5,000.00
22%
There are no rows in this table
⁠

Income Summary (no action required, expand for more details)

The following table calculates a summary of each person’s monthly gross paycheck as well as take-home paycheck (after deducting taxes and retirement account savings).
The “Percent Gross” column lists the percentage that the person contributes to the gross household income. Similarly, “Percent Take-Home” lists the percentage that each person contributes to the take-home household income (after putting money towards retirement accounts and taxes).
Combined household annual income:
Gross:
$100,000.00
⁠
⁠
Take-home:
$74,100.00
⁠
⁠
Combined household monthly income:
Gross:
$8,333.33
⁠
⁠
Take-home:
$6,175.00
⁠
⁠
Person
Annual Gross
Annual Take-Home
Monthly Gross
Monthly Take-Home
Percent Gross
Percent Take-Home
1
Me
$55,000.00
$39,000.00
$4,583.33
$3,250.00
55%
53%
2
Roommate
$45,000.00
$35,100.00
$3,750.00
$2,925.00
45%
47%
There are no rows in this table
⁠

Tax Rates (Optional)

This section helps estimate property taxes.
You can use the following default property tax rate, or you can add rows to the table below if you know the tax rates for the specific cities you’re looking at. That will give you a more accurate estimate.
Default Property Tax Rate:
⁠
000
1.5
⁠
%
City
Tax Rate
1
Carlsbad
1.1%
2
Chula Vista
1.12%
3
Chulavista
1.13%
4
Coronado
1.05%
5
Del Mar
1.07%
6
El Cajon
1.21%
7
Imperial Beach
1.16%
8
La Mesa
1.18%
9
Lemon Grove
1.22%
10
National City
1.13%
11
Oceanside
1.1%
12
Poway
1.12%
13
San Diego
1.23%
14
San Marcos
1.1%
15
Santee
1.17%
There are no rows in this table
⁠
Source for tax rates by city in San Diego area:
https://sandiegorealestatebuzz.com/san-diego-property-tax-rates
⁠
⁠
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