Borrower experience ยท Demo

Your goal

Buy a home in Raleigh, NC. Everything below works backwards from that.

Target location
Raleigh, NC
Target purchase price
$395,000
Comfortable monthly payment
$2,500/month
Target timeline
12-18 months

Your path

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

Cash

Needs work

Today: $3,100 saved

Needed: ~$24,000 for down payment and closing

Credit

Improving

Today: 72% utilization

Needed: Under 30% utilization

Income / DTI

Watch

Today: $1,030 monthly debt

Needed: Under $850 monthly debt

Monthly payment alignment

Watch

Today: Comfortable at $2,500

Needed: $395K scenario runs near $2,720

Your next actions

Three things that move the goal closer.

  1. 01

    Start a $250 monthly transfer into a home fund.

    Why: No reserves have been built yet, and it is the longest item on your plan.

  2. 02

    Pay $400 per month toward the card at its limit.

    Why: That account alone is holding your utilization above 70%.

  3. 03

    Review $210/month of recurring expenses.

    Why: Freeing that up funds both the card paydown and the savings transfer.

2 of 6 current actions completed.

Your homebuying team

P

Priya

Mortgage Advisor

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