The 50/30/20 rule is a popular budgeting technique. Use this calculator to figure out how to spend your money.

According to the calculator, you would spend roughly $2,452 a month on housing, broken down into $1,763 on mortgage principal ...

Last, you need to enter your current taxable income (your income before you pay tax). You can also enter the costs you incurred from the purchase and sale of the property, but this is an optional step ...