For the budget-aware, buying a new home involves calculating how new PITI payments will impact the household budget.
For in-town moves, the math is fairly simple — consider your existing budget and replace your old housing cost with your new housing cost.
For non-local moves, however, the budgeting grows more complicated because each city has a distinct Cost of Living.
Bankrate.com makes an interesting calculator available that — while not perfect — does a fairly good job of helping a home buyer plan for a new life in a new town, complete with estimated heating bills and grocery tabs.
