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1 2 3 4 5 Charleston-North Charleston MSA 43,600 49,800 56,000 62,200 67,200 Beaufort MSA 48,300 55,200 62,100 68,900 74,500 Georgetown MSA 39,800 45,500 51,200 56,800 61,400 6 7 8 72,200 77,200 82,200 80,000 85,500 91,000 65,900 70,500 75,000 HOMEBUYER AFFORDABILITY KEY White Spaces indicate Data Entry! ORGANIZATION: PROJECT NAME: DATE: Housing Description Number of units this size Number of bedrooms Number of square feet Anticipated Occupancy Enter Values Number of occupants 7 Location of property Beaufort MSA Median income $ 85,500 Anticipated Housing Costs Enter Values Anticipated interest rate 0.00 % Anticipated loan term in years 0 Anticipated sales price $ - Anticipated down payment $ - Anticipated financed fees $ - Annual real estate taxes $ - Annual homeowner fees $ - Annual homeowner's insurance $ - Annual private mortgage insurance $ - Range of Affordability Calculations Mortgage Amount $ - Annual Mortgage Payment Total annual taxes, fees, and insurance $ - Total Annual Mortgage, Taxes, Fees, and Insurance $ - Total Monthly Payment $ - Required annual household income $ - Required percentage of median income 0% Is this home affordable to your homebuyer? Calculations Homeowner's annual household income $ - Homeowner's percentage of median income 0% Homeowner's percentage of income spent on housing #DIV/0! This home is #DIV/0! Will a lender approve this home loan? (LTV Method) Enter Values Appraised value of home Maximum Loan to Value Lender Allows 0% Maximum Loan Lender Allows $ - Projected Loan to Homebuyer $ - Will this loan meet lender requirements? YES Will a lender approve this home loan? (DTI Method) Enter Values Maximum Front Ratio (Housing) 0% Maximum Back Ratio (Total Debt) 0% Homeowner's current monthly debt obligations Homeowner's projected total monthly obligations $ - Homeowner's Front Ratio #DIV/0! Homeowner's Back Ratio 0% Maximum Loan Lender Allows $ - Projected Loan to Homebuyer $ - Will this loan meet lender requirements? #DIV/0!
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