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Typical.Home Pricing Determination Per Masshousing Guidelines <br /> "Window of Affordability" Using HUD 2004 Median Uncome Levels <br /> Median Income: $61,800 <br /> 70% of Median Income $43,260 <br /> Using 70% Median as Baseline for Pricing <br /> Gross Monthly Income: $3,605 <br /> 35% of income for houaLng $1,262 *Monthly payment cannot exceed this amount <br /> Common Mothly Payment Breakdown (Assumes 5 875% at 30 Yeah <br /> **Assumes 5%downpayment from buyer** <br /> Homeowner's Insurance'. $45 ($540 Annually) <br /> Homeowner's Assoc. Fee: $125 <br /> Real Estate Taxes: $125 ($1500 Annually) <br /> Private Mortgate Insurance $105 *PMI Typically waived for first time <br /> Principle and Interest $862 ***Supports Loan amount of$145,000 <br /> Total: $1,262 <br /> Total purchase price supported :$152,000 <br /> Sale Prices for this project are $152,000 <br /> J <br />