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  • Magic Money Sheet For Housing Expenses

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    Jon Proce
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    This document provides financial information for an individual with an annual gross income of $137,858. Housing costs include a $450,000 mortgage with $25,000 down payment and $3,617 in monthly fees and taxes. After taxes and housing expenses, the monthly net income is $6,893 with $3,181 remaining each month after accounting for savings, utilities, and other regular expenses.

    Original Description:

    Calculates mortgage and other associated costs

    Original Title

    Magic Money Sheet for Housing Expenses

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    © Attribution Non-Commercial (BY-NC)

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    This document provides financial information for an individual with an annual gross income of $137,858. Housing costs include a $450,000 mortgage with $25,000 down payment and $3,617 in monthly fees and taxes. After taxes and housing expenses, the monthly net income is $6,893 with $3,181 remaining each month after accounting for savings, utilities, and other regular expenses.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    12 views8 pages

    Magic Money Sheet For Housing Expenses

    Uploaded by

    Jon Proce
    This document provides financial information for an individual with an annual gross income of $137,858. Housing costs include a $450,000 mortgage with $25,000 down payment and $3,617 in monthly fees and taxes. After taxes and housing expenses, the monthly net income is $6,893 with $3,181 remaining each month after accounting for savings, utilities, and other regular expenses.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 8

    Income

    Base Salary
    FMCA
    LAP
    Bonus (15%)
    HAP

    Housing Costs
    $76,000
    $10,640
    $17,328
    $12,996
    $18,000

    Cost
    Down payment
    Mortgage (BW)

    Gross Income

    $134,964

    Property Tax

    Income tax (30%)

    $40,489

    Net Income
    Monthly
    Biweekly

    Strata

    Electricity

    $94,475

    Insurance

    $7,873
    $3,634

    Total

    $450,000
    $25,000
    $1,235
    $600
    $277
    $142
    $65
    $150
    $69
    $50
    $23
    $3,617.61
    $1,670

    Monthly
    BW
    Monthly
    BW
    Monthly
    BW
    Monthly
    BW
    Monthly
    BW

    After mortgage

    Annual
    Monthly
    Biweekly

    Balance
    $51,064
    $4,255
    $1,964

    Expenses
    Food
    $5,200
    $433
    $200

    Insurance
    Cell Phone Shopping
    $1,500
    $1,200
    $2,000
    $125
    $100
    $167
    $58
    $46
    $77

    5.6%

    46.0%

    Balance Without mortgage


    $84,575
    $41,164
    $3,430
    $7,048
    $1,583
    $3,253

    Income
    Base Salary
    Annual

    FMCA

    LAP

    Bonus

    HAP

    $78,660

    $11,012

    $17,934

    $13,451

    $16,800

    Monthly

    $6,555

    $918

    $1,495

    $1,121

    $1,400

    Biweekly

    $3,025

    $424

    $690

    $517

    $646

    347700

    37000

    310700

    Tax
    Gross Income

    Deductions

    Housing
    Net Income

    Mortgage

    Strata

    Prop Tax

    $137,858

    $55,143

    $82,715

    $18,714

    $3,600

    $1,200

    $11,488

    $4,595

    $6,893

    $1,559

    $300

    $100

    $5,302

    $2,121

    $3,181

    $720

    $138

    $46

    Cheques:

    63883.44
    5323.62
    2457.055385

    30.6%
    Housing

    Savings
    Utilities

    Insur

    Housing Costs

    Balance

    RRSP

    TFSA

    $1,500

    $300

    $25,314

    $57,401

    $18,000

    $0

    $125

    $25

    $2,109

    $4,783

    $1,500

    $0

    $58

    $12

    $974

    $2,208

    $692

    $0

    of gross
    of net

    0.183621067
    0.306035111

    Other
    Balance

    Insurance

    Cell Phone

    Balance

    Food

    Balance

    $39,401

    $1,500

    $1,200

    $36,701

    $5,200

    $31,501

    $3,283

    $125

    $100

    $3,058

    $433

    $2,625

    $1,515

    $58

    $46

    $1,412

    $200

    $1,212

    Income
    Base
    FMCA
    LAP
    HAP
    Bonus
    Total
    Expenses
    Deductions
    Rent
    Car insurance
    Phone
    Groceries
    RRSP
    Total
    Remaining
    Monthly
    Weekly
    Daily

    $78,660
    $11,012
    $17,934
    $16,800
    $13,451
    $137,858

    $55,143
    $18,000
    $1,800
    $1,080
    $5,200
    $25,000
    $106,223
    $31,635
    $2,636
    $608
    $87

    Gross
    Deductions
    Net

    Annual
    Monthly
    135000
    11250
    54000
    4500
    81000
    6750

    Rent
    RRSP
    Food
    Insurance
    Cell Phone

    21600
    18000
    5400
    1800
    1080

    1800
    1500
    450
    150
    90

    27%
    22%
    7%
    2%
    1%

    Remaining

    33120

    2760

    41%

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