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TABLE 5 <br />AFFORDABLE SALES PRICE CALCULATIONS <br />LOW INCOME SALES PRICES <br />HABITAT FOR HUMANITY - WASHINGTON AVE <br />SANTA ANA, CALIFORNIA <br />Low Income Sales Price 1 <br />Three-Bedroom Unit <br />I.Income Available for Housing Expenses <br />Benchmark Household Size 4 <br />Median Household Income $119,100 <br />Income as % of Median 70.00% <br />% Income Allotted to Housing Costs 30.00% <br />Total Income Available for Housing Expenses $25,011 <br />II.Ongoing Expenses <br />HOA Fees $5,100 <br />Insurance @ 0.35% of Direct Costs Per Unit 1,385 <br />Annual Utilities Allowance 2 2,724 <br />Property Taxes @ 1.25% of Affordable Sales Price 2,194 <br />Total Ongoing Expenses $11,403 <br />III.Income Available for Mortgage Debt Service $13,608 <br />IV.Affordable Sales Prices <br />Supportable Mortgage @ 7.22% Interest Rate 3 $166,700 <br />Home Buyer Down Payment @ 5.00% of Affordable Sales Price 8,800 <br />V.Affordable Sales Prices $175,500 <br />1 <br />2 <br />3 <br />Based on the utility allowances published by the Santa Ana Housing Authority on October 1, 2022. <br />Based on the interest rate published by Bankrate.com on October 24, 2022. <br />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 />Prepared by: Keyser Marston Associates, Inc. <br />File name: Habitat Washington Avenue_10 27 22.xlsx; CC Afford <br />EXHIBIT 3