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TABLE 4 <br />SILENT SECOND MORTGAGE REVENUE CALCULATION <br />2 FOR -SALE MODERATE INCOME UNITS <br />LACY STREET PROJECT <br />SANTA ANA, CALIFORNIA <br />I. Silent Second Mortgage Amounts <br />Three -Bedroom Unit Silent Second Mortgage <br />Estimated Market Rate Sales Price <br />(Less) Moderate Income Affordable Sales Price <br />Three -Bedroom Unit Second Mortgage Amount <br />Four -Bedroom Unit Silent Second Mortgage <br />Estimated Market Rate Sales Price <br />(Less) Moderate Income Affordable Sales Price <br />Four -Bedroom Unit Silent Second Mortgage Amount <br />Total Silent Second Mortgage Amounts <br />II. Estimated Surplus/ (Shortfall) in Silent Second Mortgage Revenue <br />Total Silent Second Mortgage Amounts <br />(Less) Estimated Financial Gap <br />$525,000 <br />(417,900) <br />$107,100 <br />$595,000 <br />(452,100) <br />$142,900 <br />EXHIBIT 2 <br />$250,000 <br />$250,000 <br />(263,000) <br />III. I Estimated Surplus/ (Shortfall) in Silent Second Mortgage Revenue ($13,000) <br />Prepared by: Keyser Marston Associates, Inc. <br />File name: Habitat Lacy Street_31819; Pf 80A-28 <br />OA—nQ <br />