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Budget
Analysis
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For easiest use, print this page and then
fill in your
information. Enter whole number values. Follow the mathematical
instructions to determine
how much home you can afford.
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Equity
If you plan on using money from the sale of an
existing property, enter
the amount here. |
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Savings
Enter the amount of savings you plan to put into the
project. |
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Income
Figure your gross annual household income. If
interest rates are above
9%, multiply your income figure by 2. If interest rates are 9% or
below, multiply your
income figure by 2.5. Enter the final number here. |
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Sub
Total
Add the three figures above and enter the sum here.
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Land
Enter the amount you owe on the property you plan to
build on. If you
haven't bought land yet, enter the estimated cost here. |
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Total
Subtract the Land amount from the Sub Total and enter
the difference
here. This is approximately how much you can afford for your home.
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Estimated
Cost: Square Foot
Method
If you know the approximate square footage of living
space in the home,
multiply that figure by $90.00 and $130.00 to establish a range for the
project's
estimated cost. |
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