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AFFORDABLE SALES PRICE CALCULATIONS <br />MODERATE INCOME HOUSEHOLDS <br />SECTION 50052.5 CALCULATIONS: 2016 <br />HOUSING OPPORTUNITIES ORDINANCE <br />SANTA ANA, CALIFORNIA <br />Income <br />Benchmark Household Size <br />Household Income <br />% of Income Allocated to Housing <br />Income Allotted to Housing <br />Ongoing Expenses <br />Utilities (Orange County Housing Authority 1/1/2016) <br />Maintenance & Insurance <br />Property Taxes @ 1.16% of Affordable Price <br />Total Expenses <br />Income Available for Mortgage <br />Affordable Housing Price <br />Supportable Mtg @ 3.75% Interest <br />Home Buyer Down Pymt @ 5% Affordable Price <br />Maximum Purchase Price <br />1-Bdrm <br />2-Bdrm <br />3•3drm <br />4-8drm <br />2 <br />3 <br />4 <br />5 <br />$76,725 <br />$86,350 <br />$95,920 <br />$103,620 <br />35% <br />35% <br />35% <br />35% <br />$26,850 <br />$30,22D <br />$33,570 <br />$36,270 <br />$1,104 <br />$1,248 <br />$1,776 <br />$1,992 <br />2,100 <br />2,400 <br />2,700 <br />3,000 <br />3,968 <br />4,458 <br />4,888 <br />5,256 <br />$7,172 <br />$8,106 <br />$9,364 <br />$10,248 <br />$19,678 <br />$22,114 <br />$24,206 <br />$26,022 <br />$354,100 <br />$397,900 <br />$435,600 <br />$468,200 <br />17,100 <br />19,200 <br />21,100 <br />22,700 <br />$371,200 <br />$417,100 <br />$456,700 <br />$490,900 <br />Updated April 2016 <br />Prepared by: Keyser Marston Associates, Inc. <br />Filename: H00 Affordable Sale Price Calcuatlon Template - UpdahZrY 1137 qtr Own _SA(2) Page 1of1 <br />