Laserfiche WebLink
AFfORDARLE SALES PRICE CALCULATIONS <br />MODISRATE INCOME HOUSEHOLDS <br />SECTION 50052.5 CALCULATIONS; 2016 <br />HOUSING OPPORTUNITIES ORDINANCE <br />SANTA ANA, CALIFORNIA <br />Updated April 2016 <br />Prepared bp= Keyser Nar9ion ASSocia lr. 5, In(. <br />File name; 1-190 Affordable. Sale Prim u icuarinn TamplzTF- t)poated April 2616; 2016151 4h Own SA (21 PaEe 1 of 1 <br />75C -184 <br />1 -Rdrm <br />2 -Rdrrn <br />3 -8drm <br />4 -Ddnn <br />Income <br />Rencbmark Household Size <br />7 <br />3 <br />4 <br />5 <br />Household Income <br />$75,725 <br />$E6,150 <br />$35,920 <br />$163,620 <br />% of Income Allocated to (lousing <br />35% <br />35% <br />35% <br />35% <br />Income Allotted to l Lousing <br />$2o050 <br />$301220 <br />$33,570 <br />$ ?6,270 <br />OnuolnR Expenses <br />utilities (orange County Hou5ing Authority 3/if26161 <br />Sl,lt4 <br />$1,243 <br />$1,770 <br />$1,992 <br />Maintenance & Insurance <br />2,30u <br />?,,400 <br />2,700 <br />3,660 <br />Property Taxes Ca 1.167; of Affordable Price <br />3,968 <br />4,458 <br />4,888 <br />5,256 <br />Total Expenses <br />$7,277 <br />$8,106 <br />55,364 <br />$16,24$ <br />Income Available for Mortgage <br />$19,678 <br />;,.22,114 <br />$24,206 <br />$25,622 <br />A #fordable bloustne Price <br />Supportable Mtg @ 3.15% Interest <br />$354,100 <br />5397,900 <br />$435,000 <br />$468,2170 <br />Home Buyer Down Pynet Cal 5% Affordable Price <br />17,300 <br />19,200 <br />21,100 <br />22,.700 <br />Maximum Purchase Price <br />$371,200 <br />$417,300 <br />$4%,700 <br />$490,900 <br />Updated April 2016 <br />Prepared bp= Keyser Nar9ion ASSocia lr. 5, In(. <br />File name; 1-190 Affordable. Sale Prim u icuarinn TamplzTF- t)poated April 2616; 2016151 4h Own SA (21 PaEe 1 of 1 <br />75C -184 <br />