Di anna liller power point educ tech

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Di anna liller power point educ tech

  1. 1. Let’s Buy a House<br />
  2. 2. THE BIG QUESTION<br />?<br />Can We Afford It?<br />
  3. 3. 1st List Monthly ExpensesBefore House Payment<br />
  4. 4. Utilities Expenses $500<br />(Electric, Phone, TV, Water & Sewer, Trash)<br />Auto Payment $800<br />Grocery Expense $500<br />Home Insurance $200<br />Auto Insurance $300<br /> Total Monthly Expenses $2300<br /> prior to House Payment<br />
  5. 5. 2nd CalculateIncome Left AfterMonthly Expenses<br />
  6. 6. Gross Monthly Income<br />Husband<br />Net Monthly Take Home Pay After Taxes<br />$2200<br />Wife<br />Net Monthly Take Home Pay After Taxes<br />$2200<br />
  7. 7. Total monthly income<br />HUSBAND $2200<br />WIFE $2200<br /> TOTAL INCOME $4400<br />
  8. 8. INCOME LEFT FOR NEW HOUSE<br />MONTHLY INCOME $4400<br />MONTHLY EXPENSES $2300<br />INCOME LEFT FOR <br />NEW HOUSE $2100<br />
  9. 9. 3RD Calculate VariousHouse Payments<br />
  10. 10. House Payments<br />All payments are calculated based on 6% fixed interest over 30 years.<br />House #1 $150,000 $ 900<br />House #2 $200,000 $1200<br />House #3 $250,000 $1500 <br />
  11. 11. 4thSee Which Payment Fits Into the Monthly Budget Best<br />
  12. 12. Which house payment fits best ??<br />Income Left For House Payment $2100<br />Income After Payment<br />House #1 $900 $1200<br />House #2 $1200 $ 900<br />House #3 $1500 $ 600<br />
  13. 13. ConclusionBased on Monthly Income this Couple Could Afford a New House.<br />

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