Borrower experience ยท Demo

Your goal

Buy a home in Aurora, CO. Everything below works backwards from that.

Target location
Aurora, CO
Target purchase price
$545,000
Comfortable monthly payment
$3,300/month
Target timeline
0-6 months

Your path

Where you are today, and what would need to change.

Cash

Improving

Today: $31,400 saved

Needed: ~$41,000 for down payment and closing

Credit

On track

Today: 14% utilization

Needed: Under 30% utilization

Income / DTI

On track

Today: $890 monthly debt

Needed: Under $1,000 monthly debt

Monthly payment alignment

Improving

Today: Comfortable at $3,300

Needed: $545K scenario runs near $3,540

Your next actions

Three things that move the goal closer.

  1. 01

    Keep the two closed loans closed and avoid new financing.

    Why: New obligations would undo the monthly cash flow you just freed up.

  2. 02

    Add $650 per month to your home fund for the next four months.

    Why: Cash reserves are the one remaining gap between today and the $545K scenario.

  3. 03

    Review your updated numbers with Priya.

    Why: Your obligations changed enough that the payment estimate should be re-run.

5 of 5 current actions completed.

Your homebuying team

P

Priya

Mortgage Advisor

Mentra is helping you work toward your homeownership goal between conversations with Priya.

Milestone reached

You have reached an important milestone. It may be a good time to reconnect with Priya and review your updated numbers.