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Household Income and Home Costs Analysis

The document provides income and home price data for US households broken into categories. It also includes interest rates and calculations for monthly housing payments and total annual housing costs at different income levels.

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mohitaggarwal123
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11 views3 pages

Household Income and Home Costs Analysis

The document provides income and home price data for US households broken into categories. It also includes interest rates and calculations for monthly housing payments and total annual housing costs at different income levels.

Uploaded by

mohitaggarwal123
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

Households

Less than $10,000


$10,000 to $14,999
$15,000 to $24,999
$25,000 to $34,999
$35,000 to $49,999
$50,000 to $74,999
$75,000 to $99,999
$100,000 to $149,999
$150,000 to $199,999
$200,000 or more

Home Prices
50,000
400,000

Number
Percent
46,058
28,462
61,545
59,989
69,799
72,213
32,724
23,245
5,942
5,910
405,887

i
0.005625
0.005625

11.3
7
15.2
14.8
17.2
17.8
8.1
5.7
1.5
1.5

(1+i)^n
3.8428616234
3.8428616234

100

Upper Limit of Income


10,000
15,000
25,000
35,000
50,000
75,000
100,000
150,000
200,000
250,000

Monthly payment
380
3,041

maximum monthly payment


2800
4200
7000
9800
14000
21000
28000
42000
56000
70000

i
0.005625
0.005625
0.005625
0.005625
0.005625
0.005625
0.005625
0.005625
0.005625
0.005625

(1+i)^n
1.0696279366
1.0696279366
1.0696279366
1.0696279366
1.0696279366
1.0696279366
1.0696279366
1.0696279366
1.0696279366
1.0696279366

Annual house cost


$32,403
$48,605
$81,008
$113,411
$162,015
$243,023
$324,031
$486,046
$648,062
$810,077

Tax Addition
$33,213
$49,820
$83,033
$116,246
$166,066
$249,099
$332,132
$498,197
$664,263
$830,329

Final Cost
$33,313
$49,920
$83,133
$116,346
$166,166
$249,199
$332,232
$498,297
$664,363
$830,429

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