Harper's Hip House
The house is priced at $345,000; however, Harper will have to spend $869,760 once the loan is factored in with a monthly payment of $2,416. If she were to pay a monthly expense with a 15% increase she would save about a month and a half on her mortgage and about $80,000. The yearly cost for her car and student loan would be $3,900 and $2,384. Her living expenses of a cell phone, gas, food, insurance, entertainment, and utilities for the year would be $1,000, $1,500, $1,700, $900, $3,000, and $2,750. Harper can afford the house at this pricing and would have an excess of $23,874.