📊 YOUR INFO
MORTGAGE DETAILS
🚗 CAR DETAILS
🔧 RUNNING COSTS
MONTHLY EXPENSES
💰 RENTING BREAKDOWN
Monthly Income
1,725 JOD
EXPENSES:
Rent
400 JOD
Bills (Electric, Wifi, Gas)
110 JOD
Subscriptions
26 JOD
Food & Groceries
70 JOD
Phone
12 JOD
Social
Haircut
11 JOD
Jam'iya
500 JOD
Total Expenses
1,159 JOD
MONTHLY SAVINGS (RENTING)
566 JOD
SAVINGS RATE: 33%
📈 SAVINGS PROJECTIONS
| Period | Amount (JOD) |
|---|---|
| Annual Savings | 6,792 |
| 1-Year Savings | 6,792 |
| 2-Year Savings | 13,584 |
| 3-Year Savings | 20,376 |
| 4-Year Savings | 27,168 |
| 5-Year Savings | 33,960 |
| Total (with Emergency Fund) | 37,960 |
🏡 BUYING BREAKDOWN
House Price
100,000 JOD
Down Payment (25%)
25,000 JOD
Loan Amount
75,000 JOD
Morabaha (Interest 4.25% over 15yr)
+26,340 JOD
Bank Total (Principal + Morabaha)
101,340 JOD
MONTHLY COSTS:
Monthly Income
1,725 JOD
Mortgage Payment (180 months)
563 JOD
Maintenance & Tax
70 JOD
Bills & Utilities
110 JOD
Other Expenses
649 JOD
Total Monthly Costs
1,392 JOD
MONTHLY SAVINGS (BUYING)
333 JOD
SAVINGS RATE: 19%
🏦 BANK MORTGAGE DETAILS
| House Price | 100,000 JOD |
| Your Down Payment (25%) | 25,000 JOD |
| Bank Loan (Principal) | 75,000 JOD |
| Morabaha Rate | 4.25% |
| Loan Term | 15 years |
| Total Morabaha (Interest) | +26,340 JOD |
| Bank Total (What You'll Pay) | 101,340 JOD |
| Monthly Payment | 563 JOD |
| Housing Cost Ratio | 37% |
🚗 CAR BUYING BREAKDOWN
Car Price
15,000 JOD
Down Payment (20%)
3,000 JOD
Loan Amount
12,000 JOD
Morabaha (Interest 4.25% over 5yr)
+2,550 JOD
Bank Total (Principal + Morabaha)
14,550 JOD
MONTHLY COSTS:
Monthly Income
1,725 JOD
Car Payment (60 months)
243 JOD
Fuel
80 JOD
Insurance
50 JOD
Maintenance
40 JOD
Registration (monthly)
13 JOD
Parking
0 JOD
Rent
400 JOD
Bills & Utilities
110 JOD
Other Expenses
649 JOD
Total Monthly Costs
1,585 JOD
MONTHLY SAVINGS (WITH CAR)
140 JOD
SAVINGS RATE: 8%
🏦 CAR LOAN DETAILS
| Car Price | 15,000 JOD |
| Your Down Payment (20%) | 3,000 JOD |
| Bank Loan (Principal) | 12,000 JOD |
| Morabaha Rate | 4.25% |
| Loan Term | 5 years |
| Total Morabaha (Interest) | +2,550 JOD |
| Bank Total (What You'll Pay) | 14,550 JOD |
| Monthly Car Payment | 243 JOD |
| Total Car Running Cost/Month | 426 JOD |
| Car Cost Ratio (of income) | 25% |
💡 Car Ownership Tips
Depreciation: Cars lose ~15-20% value in year 1, then ~10% yearly. A 15,000 JOD car might be worth ~9,000 JOD after 5 years.
Rule of thumb: Total car costs (payment + running) shouldn't exceed 20% of income. You're currently at 25%.
💡 Car Recommendation
Based on your income and expenses...
⚖️ Full Financial Comparison
💰 Rent Only
Monthly Housing
400 JOD
Monthly Savings
566 JOD
5-Year Cash Saved
37,960 JOD
Assets Built
0 JOD
🏡 Buy House
Monthly Housing
651 JOD
Monthly Savings
315 JOD
5-Year Cash Saved
19,120 JOD
Equity Built (5yr)
32,000 JOD
💰🚗 Rent + Car
Monthly Costs
826 JOD
Monthly Savings
140 JOD
5-Year Cash Saved
12,400 JOD
Car Value (5yr)
~9,000 JOD
🏡🚗 House + Car
Monthly Costs
1,077 JOD
Monthly Savings
-111 JOD
5-Year Cash Saved
-2,660 JOD
Total Assets
41,000 JOD
📊 AFFORDABILITY OVERVIEW
Rent Only - Budget Used:
67%
Buy House - Budget Used:
81%
Rent + Car - Budget Used:
92%
House + Car - Budget Used:
106%
💡 Overall Recommendation
Based on your current salary and the numbers, renting provides better financial flexibility right now.