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final

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									Consumer Math Final - 2007

Family Income                $70,000.00   Montly Income           $5,833.33
House afford                $175,000.00   House found           $145,000.00
Down Payment                 $21,750.00   Mortgage              $123,250.00
20 year payment               $1,030.37   30 year payment           $904.66
Total pd to Bank            $325,675.80   Interest pd to Bank   $202,425.80

Payment #                Monthly        Amount for Interest Amount for
                         Payment                            Principal         Balance
                     1          $904.66            $821.67         $82.99     $123,167.01
                     2          $904.66            $821.11         $83.54     $123,083.47
                     3          $904.66            $820.56         $84.10     $122,999.37
                     4          $904.66            $820.00         $84.66     $122,914.71

Insurance Coverage          $116,000.00 Garage/structures Loss of use Personal Property
on Home                                         $11,600.00  $23,200.00 $58,000.00

Cost of Car                       32000 Down Payment              $3,200.00
Amount to Borrow             $28,800.00 New Car Payment             $816.00
Used Car Amount                    5400 Used Car Payment            $254.25


Monthly Expense       Amount
House Payment               $904.66
Property Tax                $340.28
New Car Payment             $816.00
Used Car Payment            $254.25
Car Insurance                $87.07
Gasoline                    $480.00
Home Owner's Ins             $85.08
Health Insurance            $130.00
Life Insurance              $131.25
Groceries                   $736.00
Savings                     $583.33
Utilities                   $875.00
College Savings             $291.67
Monthly Family Income     $5,833.33
Total Of Expenses         $5,714.59
Amount left Over            $118.74
Amount in the Hole       FALSE

								
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