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TABLE 5 <br />EXHIBIT 3 <br />AFFORDABLE SALES PRICE CALCULATIONS <br />LOW INCOME SALES PRICES <br />HABITAT FOR HUMANITY - WASHINGTON AVE <br />SANTA ANA, CALIFORNIA <br />Income Available for Housine Expenses <br />Benchmark Household Size <br />Median Household Income <br />Income as % of Median <br />% Income Allotted to Housing Costs <br />Total Income Available for Housing Expenses <br />II. Ongoing Expenses <br />HOA Fees <br />Insurance @ 0.35% of Direct Costs Per Unit <br />Annual Utilities Allowance <br />Property Taxes @ 1.25% of Affordable Sales Price <br />Total Ongoing Expenses <br />III. Income Available for Mortgage Debt Service <br />IV. Affordable Sales Prices <br />Supportable Mortgage @ 7.22% Interest Rate <br />Home Buyer Down Payment @ 5.00% of Affordable Sales Price <br />Low Income Sales Price 1 <br />Three -Bedroom Unit <br />4 <br />$119,100 <br />70.00% <br />30.00% <br />$25,011 <br />$5,100 <br />1,385 <br />Z 2,724 <br />2,194 <br />$11,403 <br />7 <br />$13,608 <br />$166,700 <br />8,800 <br />V. Affordable Sales Prices $175,500 <br />1 Based on the California Health and Safety Code Section 50052.5 definition. The affordable sales prices will ultimately be determined immediately <br />prior to the sale of the units. <br />z Based on the utility allowances published by the Santa Ana Housing Authority on October 1, 2022. <br />3 Based on the interest rate published by Bankrate.com on October 24, 2022. <br />Prepared by: Ke)0jttya VHiates, Inc. 21 - 22 11 /15/2022 <br />File name: Habitat Washington Avenue_10 27 22.x1sx; CC Afford <br />