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Buyer Process: Page 4

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Home Affordability

  4.50% 5% 5.50% 6% 6.50% 7%
Assumptions: 30 year loan; 20% down payment; 1.25% taxes; hazard insurance at $3.50 per $1,000; monthly expenses/monthly housing expenses at 38%/33% of monthly income.
2,000 123,000 109,000 106,000 104,000 102,000 100,000
3,000 184,000 179,000 172,000 165,000 158,000 151,000
4,000 245,000 236,000 227,000 218,000 210,000 201,000
5,000 306,000 295,000 283,000 273,000 263,000 251,000
6,000 368,000 353,000 340,000 327,000 314,000 301,000
7,000 429,000 408,000 393,000 380,000 367,000 352,000
8,000 490,000 469,000 452,000 435,000 420,000 403,000
9,000 551,000 538,000 509,000 490,000 471,000 453,000
10,000 613,000 587,000 565,000 545,000 525,000 503,000
11,000 674,000 650,000 625,000 600,000 575,000 550,000
12,000 735,000 707,000 680,000 655,000 630,000 602,000
13,000 796,000 766,000 737,000 708,000 679,000 655,000
14,000 858,000 828,000 795,000 765,000 732,000 705,000
15,000 919,000 889,000 855,000 820,000 787,000 753,000
16,000 980,000 945,000 910,000 875,000 840,000 805,000
17,000 1,042,000 1,010,000 969,000 930,000 892,000 855,000
18,000 1,103,000 1,060,000 1,020,000 980,000 945,000 905,000
19,000 1,164,000 1,125,000 1,080,000 1,040,000 1,000,000 960,000
20,000 1,225,000 1,200,000 1,150,000 1,100,000 1,050,000 1,010,000
21,000 1,287,000 1,250,000 1,200,000 1,150,000 1,100,000 1,060,000
22,000 1,348,000 1,305,000 1,255,000 1,205,000 1,160,000 1,110,000
23,000 1,409,000 1,360,000 1,310,000 1,260,000 1,215,000 1,165,000