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AFFORDABLE SALES PRICE CALCULATIONS <br />MODERATE INCOME HOUSEHOLDS <br />SECTION 50052.5 CALCULATIONS: 2014 <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 1/1/2015) <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 @ 3.92% Interest <br />Home Buyer Down Pymt @ 5% Affordable Price <br />Maximum Purchase Price <br />1 -Bdrm <br />2 -Bdrm <br />3 -Bdrm <br />4 -Bdrm <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 />$30,220 <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 />$346,800 <br />$389,800 <br />$426,600 <br />$458,600 <br />17,100 <br />19,200 <br />21,100 <br />22,700 <br />$363,900 <br />$409,000 <br />$447,700 <br />$481,300 <br />Prepared by: Keyser Marston Associates, Inc. <br />File name: HOO Affordable Sale Price Calcuation Template- Updated Jan 2015.xlsx; 20151st Own SA Page 1 of 1 <br />