Planing on selling your Simi Valley or Moorpark home? This table was create so you could get an idea of who the buyers for your Simi Valley or Moorpark property are and what they can afford. The taxes and insurance are based on homes in the Ventura County – Simi Valley Area. Insurance rates may vary due to different conditions i.e. flooding.
Table 1
|
Purchase Price |
20% Down Payment |
Interest Rate |
Monthly Payment |
Monthly Taxes & Ins. |
Yearly income needed to qualify |
|
$300,000 |
$60,000 |
6.25% |
$1,477.72 |
$400.00 |
$91,200 |
|
$400,000 |
$80,000 |
6.25% |
$1,970.30 |
$500.00 |
$106,000 |
|
$500,000 |
$100,000 |
6.25% |
$2,462.87 |
$600.00 |
$122,000 |
|
$600,000 |
$120,000 |
6.25% |
$2,955.44 |
$700.00 |
$138,000 |
|
$700,000 |
$140,000 |
6.25% |
$3,448.02 |
$825.00 |
$154,000 |
|
$800,000 |
$160,000 |
6.25% |
$3,940.59 |
$930.00 |
$171,000 |
|
$900,000 |
$180,000 |
6.25% |
$4,433.16 |
$1,040.00 |
$189,000 |
|
$1,000,000 |
$200,000 |
6.25% |
$4,925.74 |
$1,155.00 |
$204,000 |
Table 2
|
Purchase Price |
20% Down Payment |
Interest Rate |
Monthly Payment |
Monthly Taxes & Ins. |
Yearly income needed to qualify |
|
$300,000 |
$60,000 |
5.50% |
$1,362.69 |
$400.00 |
$88,000 |
|
$400,000 |
$80,000 |
5.50% |
$1,816.92 |
$500.00 |
$103,200 |
|
$500,000 |
$100,000 |
5.50% |
$2,271.16 |
$600.00 |
$117,600 |
|
$600,000 |
$120,000 |
5.50% |
$2,725.39 |
$700.00 |
$133,200 |
|
$700,000 |
$140,000 |
5.50% |
$3,179.62 |
$825.00 |
$150,000 |
|
$800,000 |
$160,000 |
5.50% |
$3,633.85 |
$930.00 |
$162,000 |
|
$900,000 |
$180,000 |
5.50% |
$4,088.08 |
$1,040.00 |
$177,000 |
|
$1,000,000 |
$200,000 |
5.50% |
$4,542.31 |
$1,155.00 |
$193,000 |
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