PreCalc Finance
Scenario 1
Monthly Expenses
Food 20% = $583.33
Car Payment $450.03
Car Insurance $113.00
Gas $200.00
Utilities 6% = $175.00
Entertainment 6% = $175.00
Necessities 5% = $145.83
Medical 5% = $145.83
Savings & Donation 15% = $291.67
Total expenses: $2425.52
Total leftover: $491.15
Maximum cost of house(Present Value): $102,093.23 or $434.15 per month
Affordable Home
15810 W 128th Street
Olathe KS, 66062
Price: $99,500
Minimum monthly payment: $420.03
Total after 30 years: $151,210.80
Increase monthly payment by 15%
Monthly payment: $483.03
Time to pay off: 24.2 years
Total after 24.2 years: $140,194.63
Total saved by paying 15% more per month: $11,016.17
APA Citation
(2016). Reece and Nichols. Retrieved from http://www.reecenichols.com/homes-for-sale/15810-W-128th-Street-Olathe-KS-66062-159860498
Quinn, B. (2016). Value Penguin. Retrieved from http://www.valuepenguin.com/average-cost-of-insurance
(2016). InflationData.com. Retrieved from http://inflationdata.com/articles/cost-of-living/cost-of-gas/average-cost-of-gas-per-month/