Comp #1 Comp #2 Comp #3

Sq Ft = 2800 Sq Ft = 3000 Sq Ft = 3600

Age = 1 years Age = 2 years Age = 6 years

Beds = 4 Beds = 4 Beds = 5

Baths = 3 Baths = 3.5 Baths = 3.5

Sale Date = 4/1/2018 Sale Date = 7/1/2018 Sale Date = 10/1/18

Price = $314,000 Price = $324,000 Price = $414,000

123 Main St 234 Main St 345 Main St

Elsewhere, OH Elsewhere, OH Elsewhere, OH

5) A woman is looking to purchase her primary home in the Cleveland Suburbs. She has enough for a 10% down payment and an income of $50,000 per year. Her FICO Score is 590. The prime Interest Rate at her bank for 30- year Mortgages is 4.25% and the FHA 30-year rate is 4.375%. She has a car payment of $250 per month and a Student Loan Payment of $200 per month. The home she finds has 75 Effective Property Tax Mills and Homeowner's Insurance Costs $50 per month on every $100,000 of Home Value. How much can the woman pay for the home? How large of a mortgage will the bank allow her take out? 5) A woman is looking to purchase her primary home in the Cleveland Suburbs. She has enough for a 10% down payment and an income of $50,000 per year. Her FICO Score is 590. The prime Interest Rate at her bank for 30- year Mortgages is 4.25% and the FHA 30-year rate is 4.375%. She has a car payment of $250 per month and a Student Loan Payment of $200 per month. The home she finds has 75 Effective Property Tax Mills and Homeowner's Insurance Costs $50 per month on every $100,000 of Home Value. How much can the woman pay for the home? How large of a mortgage will the bank allow her take out