A few issues relating to the marital home surface repeatedly in divorce negotiations.
These include:
- Will the parties keep the home or sell it?
- If the parties are keeping the home, which one will live in it?
- Can that party afford to continue to live there?
This calculator addresses the last question, but its findings can affect all of them.
The calculator looks not only at the current year, but at several years going forward.
It looks only at the first real estate property that is not rental real estate.
It looks at the finances of the person who is specified as paying the mortgage, under the assumption that that person will be keeping the home.
The bottom line of this calculator is the bottom line of this report, either “YES,” the party can afford to remain in the home or “NO,” the party cannot afford it.
To see whether the other party could afford to keep the home go back to the actual entry for that real estate property, and change which party is going to be staying in it and paying the mortgage.
You can also use this screen to ask “what if.”
Just override the entries on the screen regarding wages, support, or other expenses.
The overrides here will not affect anything in the actual case data.