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AFFORDABLE SALES PRICE CALCULATIONS <br />MOD ERATF. INCONIC HOUSEHOLDS <br />SECTION 50O52.5 CALCULATIONS, 2014 <br />HOUSING OPPORTUNITIES ORDINANCE <br />SANTA ANA, CALIFORNIA <br />rtrrmnrarn W <br />Utilities10ranRe County Housing Aeuthorityl(1/2015j <br />1•8Jrm <br />241drm. <br />3 -Edrm <br />4 -6drm <br />incomes <br />11enchntarE Household Slze <br />2 <br />3 <br />4 <br />5 <br />Household Income <br />$76,125 <br />535.350 <br />$95,920 <br />$103,529 <br />% of Income Allocated to Ho using. <br />35% <br />3519 <br />35% <br />35% <br />Income Allotted -to Housing <br />$25,850 <br />$30,220 <br />$33,570 <br />$36,270 <br />rtrrmnrarn W <br />Utilities10ranRe County Housing Aeuthorityl(1/2015j <br />51 „104 <br />$1,248 <br />$1,776 <br />$1,992 <br />Maintenance & insurance <br />2,100 <br />2.400 <br />2,700 <br />3,+000 <br />Property Taxes @ 1;1656 of Affordable Price <br />3,958 <br />4,4$8 <br />4,835 <br />5,256 <br />7otalExpenses <br />$7,1.72. <br />Ss,1.06 <br />$9,364. <br />:$14,248 <br />Income Available for MOrtRTgel <br />$19,578 <br />$22,114 <br />$24,206 <br />$261422 <br />Affordable Housing Price <br />Supportable Hitt; @ 3 -52 %, Interest <br />$346,800 <br />$389, 907 <br />$42Fi,5045 <br />$458,6CO <br />Home Buyer Down Pymt CM 5 %AfrcrJable Price <br />17,100 <br />19,200 <br />21,100 <br />22,700 <br />Maximum Purthas2 Price <br />$363,900 <br />$409,000, <br />$447,700 <br />$481,300 <br />Prvpafed by: Keyser t al;vq rn MSCC ateS, Inc <br />File name: ll O0 Affordable Sate PftC' Cal[eatiun Terurrare - Updated Lan 2015. xt5x; 20151st Own—SA Page t of 1 <br />25G -106 <br />