OCR Text |
Show July Part Page HILL TOP TIMES 16, 197ft III House: How Much Can You Afford To Spend? homelot A Buying Figuring out how much money you can afford to spend on the r" purchase of a home is no easy task. To help you determine your home-buyinpower, the National Association of Home Builders (NAHB) has provided this chart, which should make your calcula- tions easier: What Can You Spend Monthly for Housing? 1. Your Average Monthly Income Take-hom- e pay (gross pay less taxes) Rents, dividends, interest Other income $. Non-Housi- (1)$. Expenses ng Life and casualty insurance Automobile and insurance Education Commuting Installment paymentsinterest charges Recreation, hobbies (adjust realistically) - Utilities (heating, Contributions, dues, fees Personal (cleaning, barber, for example) Savings investment program (adjust realistically)) Total Average Monthly Non-Housi- electricitygasoil, water) Maintenance and repairs (allow one percent or more of the price of your home per year) Other monthly housing expenses Average Monthly Housing . ng (2) $. Expenses (add) 11. 200 years at the same location. $ Expenses (add) 3. Your Monthly Income Available for Housing Net average Monthly Income (total 1 ) $. How Much Down Payment Can You Afford? 5. Available Funds Expenses (total 2) g Take . stock miJLAmerica. repayment) Telephone Non-Housin- $. present r Clothing Medical costs and insurance Subtract Equity in T" v Net Average Monthly Income (add) 2. Your Average Monthly Food, household supplies N i Savings, savings certificates Investments mutual funds (current value) Insurance (cash surrender value) Other available funds (such as a personal loan) Total Available Funds (add) Subtract Amount You Must Keep in Reserve Adjusted Total Available Funds (a) Subtract the down payment from the sale price of the 6. Expected Cash Expenses home you wish to buy and you will know how much of a Cash costs for closing and settlement mortgage you will need to finance. Furniture, furnishings (if any) . Alteration, repair, landscaping (if any) Average Monthly Income Available for Housing Expenses Moving expenses (3)$. Other expected expenses 4. Average Monthly Housing Expenses (of the house Total Expected Expenses (add) (b) you wish to b ) Now subtract total (b) (your expected expenses) from total (a) (your available funds) to get amount you can $. Mortgage repayment (principal and interest) afford to spend for your down payment: (c) $ Comprehensive insurance for fire, theft, flood insurance (if not included in mortgage loan repayment) Property taxes (if not Included in mortgage loan g W annual'" tli C .f If We Are Celebrating A Half Century of Automotive Service by Driving You Stark Raving Happy with SAVINGS and Trades You Can't Believe!! DRIVFR TRAINING f!ARQ iun fet$ vRlArir 1976 VEGA nU" N" 729. 'it' p,'rkrofet. lu i.o f .... J C , A O'j Ne I.CCJ J 3145 frT. , - J. Pc'be corer, rod.o, ! 3 JO 5, "' l., 4 t, .( 5Tf W J4895 HCt MAT S'tClAl 2595 SPECIAL Boli'Ke of nei cor war' ronly, lov mileog. Nt J4545. pr BLACK HAT 3695 SPtClAl 1975 MONTE CARLO nornber InndsuOupe, rt 429. Af conditioning, C, power .lectn ond hoke, 44 HACK pr Ufa Recreational Vehicles 1975 JET (rt J xk 519 01 . 'J t to. K.I tc SALE PRICE 1975 TRAVEL TRAILER J? $3695 . 1967 fi c 1974 MA20A Si jji.,ji.V CUnulo-no- BUCK J. !995 inCAJ. ?!- HAT SClAt 1,1,- - ! l,0'H.,t 2495 CHEVY PICKUP ..' luff d lner. f I. BLACK HAT 496 0J. e- - aie, lo-ii- t, tpeed ifOtiii 495 4 . t'otk Eif urinumber 41 - $1 , 01. oqc; end bioke roH o, 'y-- LJJsJl HAT 1975 JcKr 1976 - equ,Ti. HACK HAf yJft .a,neA StClAi X tidied gtovt. ingMnpackog. BLACK HAI SPECIAL 8 sncui 1972 CHEVY vedn. Mock ron-.b-r 1290 07. Air oi'torfiatic cortdit'On-ng- , trooim. 011J pcer 'eing fvl niicj l.eoicr. bok. - ifeft vx litie, 4 Cylinder engine, whit number 514. A r conoit.on-n- g, 250 V-- eng.n. powr steering ond btoiet, rod o. nier, low milpoy. JUsJJ I rr. - tedon, itork IvOr $0000 0isO CLOSE-OU- T f SPECIALS r-, iyl JAVtllN fxk iwiber tv 5.9 01. A.r cnnH t imt.ifit.e ltunt I'llCII, fr--r Jeriny nia oor, Bi HAT on-n- r "" 1976 tUV 4595 ?ltr W po'f4 bumper, 4 red . Htghett trades We Don't Meet Competition We Make It!! I I trtCiAl ycHgvwoLny We'l Avl BLACK HAT s ELDORADO MINI HQ? 172. 19 jM- IMPALA A-l- $4999 t I f soaocr BUCK CBtriAi Four lee'er. f wiir " ' wflii . We'l 73 eqvin ,518- ILACK HAT SOCIAL - 5 8 f 1971 PINTO C'--, ELDORADO TRAVEL TRAILER 't. 1973 MONTE CARLO Stock number 453 01. vinyl oof. 350 crtodihciirty, V-engine, power .letting S04-C2- . HAT 1 te' 4495 HAT SPtClAt ft fnNf MACK on-1f.n- lovi Willi 19 trKl n. eiu-rHiitn- 1969 INTERN! r. 'k rnilecqe. BUCK H295 "M. jine. o j- - V-- 1976 CHEVETTE Pi'V coup, nv no'iihf Air cond !oninq, la-ir129-0- lit 1972 MONTE CARLO S'x k iuftih 4 1. A.t conH,. 71. moil. M V r- :k 4 ?2595 HAT , U AT HCCn TAD CDCriAICV VT. TRUCK 3i-Ul- . M,9di0.ho)er. 1976MONZA e4 q.oit, Ixxi number Stock Price $3572 SALE PRICE 1 XV. 1974 IUV I! " X.vmtim, .A AT CLEARANCE PRICE fiUr 27 id 646 NORTH MAIN LAYTON. UTAH TRUCK iPPClAl fA IvM '3598 & 376-123- 4 YCi |