| Below is
a list of housing choices. Please make your choice and return
to your worksheet to complete question number one by filling in
the blank space for the per month total cost of housing.
Please note the location of each housing choice. |
| 1.
|
$332.50
per month total cost of housing |
| |
|
Studio Apartment featuring:
| •
Laundry Facilities
• Balcony
• Parking w/ Outlet
• On-site Management
• 24 hour Emergency Maintenance Service
• Furnished
•
Wall Unit Air Conditioning
|
| Location:
Minot, North Dakota |
Rent:
$290.00 Month |
Cleaning
& Security Deposit: $150 |
Terms:
One Year Lease |
|
This
studio apartment is a private room with bath (no kitchen) |
|
Cost Breakdown:
| Rent:
$290.00 per month x 12 months |
= |
$3,480.00 |
Secuity & Cleaning Deposit (one
time charge) |
+ |
$150.00 |
Electric Bill @ $20 average/month
x 12 months |
+ |
$240.00 |
Renter's Insurance (yearly cost)
|
+ |
$120.00 |
Total
Yearly Cost |
|
$3,990.00 |
|
Utilities Included:
|
-
Garbage Paid
-
Sewer Paid
-
Water Paid
-
Heat Paid
|
|
To
figure monthly cost: Divide the Total Yearly Cost
by 12 months:
$3,990.00
÷ (divided by) 12 Months = $332.50 per
month payments
|
|
|
| 2. |
$603.17
per month total cost of housing |
| |
|
2 Bedroom/ 1 Bath Manufactured Home featuring:
| •
Extra Storage Shed
• Vaulted Ceilings
• Laundry Facilities
•
Dishwasher |
•
Wall Unit Air Conditioning
•
Front Porch
• Off-Street Parking
• On-site Management |
| Location:
Valley City, North Dakota |
Purchase
Price: $30,000.00 |
Down
Payment: $2,500.00 |
Terms:
Purchase @ 5.5% interest for 15 years |
|
|
|
Cost Breakdown:
| House
Payment: $224.69 per month x 12 months
|
= |
$2,696.28 |
Lot Rent $200 per month x 12 months |
+ |
$2,400.00 |
Electric Bill @ $40 average/month
x 12 months |
+ |
$480.00 |
Gas
Bill @ $50 average/month x 12 months |
+ |
$600.00 |
Property
Taxes (yearly cost)
|
+ |
$566.70 |
Insurance
(yearly cost) |
+ |
$495.00 |
Total
Yearly Cost |
|
$7,237.98 |
|
Utilities Included with Lot Rent:
|
-
Garbage Paid
-
Sewer Paid
-
Water Paid
|
|
To
figure monthly cost: Divide the Total Yearly Cost
by 12 months:
$7,237.98
÷ (divided by) 12 Months = $603.17 per
month payments
|
|
|
| 3. |
$678.62
per month total cost of housing |
| |
|
3 Bedroom/ 2 Bath Home featuring:
| •
Story & a Half
• Full Basement
• One Car Garage
•
Dishwasher |
•
Laminate Floors
•
Front Porch
• Central Air
• Close to Schools |
| Location:
Fargo, North Dakota |
Purchase
Price: $67,500.00 |
Down
Payment: $6,750.00 |
Terms:
Purchase @ 6.22% interest for 30 years |
|
|
|
Cost Breakdown:
| House
Payment: $372.86 per month x 12 months
|
= |
$4,474.32 |
Water/Sewer/Garbage: $40 per month
x 12 months |
+ |
$480.00 |
Electric Bill @ $40 average/month
x 12 months |
+ |
$480.00 |
Gas
Bill @ $50 average/month x 12 months |
+ |
$600.00 |
Property
Taxes (yearly cost)
|
+ |
$1,275.08 |
Insurance
(yearly cost) |
+ |
$834.00 |
Total
Yearly Cost |
|
$8,143.40 |
|
To
figure monthly cost: Divide the Total Yearly Cost
by 12 months:
$8,143.40÷
(divided by) 12 Months = $678.62 per month payments
|
|
|
| 4. |
$705.00
per month total cost of housing |
| |
|
2 Bedroom/ 1 Bath Duplex featuring:
| •
Full Basement
• Laundry Hookups
•
Lawncare |
•
Wall Unit Air Conditioning
• Off-Street Parking
• Snow Removal |
| Location:
Minot, North Dakota |
Rent:
$550.00 Month |
Cleaning
& Security Deposit: $300
|
Terms:
One Year Lease |
|
|
|
Cost Breakdown:
| Rent:
$550.00 per month x 12 months |
= |
$6,600.00 |
Secuity & Cleaning Deposit (one
time charge) |
+ |
$300.00 |
Electric Bill @ $30 average/month
x 12 months |
+ |
$360.00 |
Gas Bill @ $60 average/month x 12
months |
+ |
$720.00 |
Water/Sewer/Garbage @ $30 average/month
x 12 months |
+ |
$360.00 |
Renter's Insurance (yearly cost)
|
+ |
$120.00 |
Total
Yearly Cost |
|
$8,460.00 |
|
Utilities Included:
|
- Renter
pays all Utilities
|
|
To
figure monthly cost: Divide the Total Yearly Cost
by 12 months:
$8,460.00
÷ (divided by) 12 Months = $705.00 per
month payments
|
|
|
| 5. |
$788.33
per month total cost of housing |
| |
|
2 Bedroom/ 2 Bath Apartment featuring:
•
Community Room
• Tanning Bed
• Sauna
• Exercise Room
• Elevator
• Extra Storage
• Vaulted Ceilings
• Laundry Facilities |
•
Balcony
• Patio
• Dishwasher
• 24 hour Emergency Service
• Garage Available
• On-site Management
• Wall Unit Air Conditioning |
| Location:
Bismarck, North Dakota |
Rent:
$715.00 Month |
Cleaning
& Security Deposit: $400
|
Terms:
One Year Lease |
|
|
|
Cost Breakdown:
| Rent:
$715.00 per month x 12 months |
= |
$8,580.00 |
Secuity & Cleaning Deposit (one
time charge) |
+ |
$400.00 |
Electric Bill @ $30 average/month
x 12 months |
+ |
$360.00 |
Renter's Insurance (yearly
cost)
|
+ |
$120.00 |
Total
Yearly Cost |
|
$9,460.00 |
|
Utilities Included:
|
-
Garbage Paid
-
Sewer Paid
-
Water Paid
-
Heat Paid
|
|
To
figure monthly cost: Divide the Total Yearly Cost
by 12 months:
$9,460.00
÷ (divided by) 12 Months = $788.33 per
month payments
|
|
|
| 6. |
$948.33
per month total cost of housing |
| |
|
2 Bedroom/ 1 Bath Apartment featuring:
•
Washer/Dryer
• Hookup Dishwasher
• Spacious Closet(s)
•
Disposal
• Dining Area/Room
•
Separate Kitchen |
•
Cable-Ready
• Ceiling Fan(s)
• Window Coverings
• Air Conditioning
• Balcony
|
| Location:
Atlanta, Georgia |
Rent:
$875.00 Month |
Cleaning
& Security Deposit: $400
|
Terms:
One Year Lease |
|
|
|
Cost Breakdown:
| Rent:
$875.00 per month x 12 months |
= |
$10,500.00 |
Secuity & Cleaning Deposit (one
time charge) |
+ |
$400.00 |
Electric Bill @ $30 average/month
x 12 months |
+ |
$360.00 |
Renter's Insurance (yearly
cost)
|
+ |
$120.00 |
Total
Yearly Cost |
|
$11,380.00 |
|
Utilities Included:
|
-
Garbage Paid
-
Sewer Paid
-
Water Paid
-
Heat Paid
|
|
To
figure monthly cost: Divide the Total Yearly Cost
by 12 months:
$11,380.00
÷ (divided by) 12 Months = $948.33 per
month payments
|
|
|
| 7. |
$1,316.67
per month total cost of housing |
| |
|
2 Bedroom/ 2 Bath Apartment featuring:
| •
Washer/Dryer
• Hookup
•
Dishwasher
• Eat-In Kitchen
• Spacious Closet(s)
• Disposal
|
•
Dining Area/Room
• Cable-Ready
• Alarm System
• Ceiling Fan(s)
• Window Coverings
• Air Conditioning |
| Location:
Chicago, Illinois |
Rent:
$1,195.00 Month |
Cleaning
& Security Deposit: $500
|
Terms:
One Year Lease |
|
|
|
Cost Breakdown:
| Rent:
$1,195.00 per month x 12 months
|
= |
$14,340.00 |
Secuity & Cleaning Deposit (one
time charge) |
+ |
$500.00 |
Electric Bill @ $30 average/month
x 12 months |
+ |
$360.00 |
Gas
Bill @ $40 average/month x 12 months |
+ |
$480.00 |
Renter's Insurance (yearly
cost)
|
+ |
$120.00 |
Total
Yearly Cost |
|
$15,800.00 |
|
Utilities Included:
|
-
Garbage Paid
-
Sewer Paid
-
Water Paid
|
|
To
figure monthly cost: Divide the Total Yearly Cost
by 12 months:
$15,800.00
÷ (divided by) 12 Months = $1,316.67
per month payments
|
|
|
| 8. |
$1,361.67
per month total cost of housing |
| |
|
1 Bedroom/ 1 Bath Apartment featuring:
•
Dishwasher
• Spacious Closet(s)
• Disposal Dining
• Area/Room
•
Laundry
Facilities
• Wall Air Conditioning |
•
Separate Kitchen
• Cable-Ready
• Ceiling Fan(s)
• Window Coverings
• On-site Management
• Community Center |
| Location:
San Diego, California |
Rent:
$1,250.00 Month |
Cleaning
& Security Deposit: $500
|
Terms:
One Year Lease |
|
|
|
Cost Breakdown:
| Rent:
$1,250.00 per month x 12 months
|
= |
$15,000.00 |
Secuity & Cleaning Deposit
(one time charge) |
+ |
$500.00 |
Electric Bill @ $30 average/month
x 12 months |
+ |
$360.00 |
Water/Sewer
@ $30 average/month x 12 months |
+ |
$360.00 |
Renter's Insurance (yearly
cost)
|
+ |
$120.00 |
Total
Yearly Cost |
|
$16,340.00 |
|
|
To
figure monthly cost: Divide the Total Yearly
Cost by 12 months:
$16,340.00
÷ (divided by) 12 Months = $1,361.67
per month payments
|
|
|
| 9. |
$2,217.73
per month total cost of housing |
| |
|
3 Bedroom/ 2 Bath Home featuring:
| •
Hardwood floors
• Vaulted Ceilings
• Main Floor Laundry
•
Dishwasher
•
Custom Built Cabinetry |
•
Central Air Conditioning
•
Oak Woodwork
• Formal Dining Room
• Close to Schools |
| Location:
Minot, North Dakota |
Purchase
Price: $270,000.00 |
Down
Payment: $27,000.00 |
Terms:
Purchase @ 6.22% interest for 30 years |
|
|
|
Cost Breakdown:
| House
Payment: $1491.45 per month x
12 months |
= |
$17,897.40 |
Water/Sewer/Garbage @ $50 average/month
x 12 months |
+ |
$600.00 |
Electric Bill @ $40 average/month
x 12 months |
+ |
$480.00 |
Gas
Bill @ $75 average/month x 12
months |
+ |
$900.00 |
Property
Taxes (yearly cost)
|
+ |
$5,100.30 |
Insurance
(yearly cost) |
+ |
$1,635.00
|
Total
Yearly Cost |
|
$26,612.70 |
|
To
figure monthly cost: Divide the Total Yearly
Cost by 12 months:
$26,612.70
÷ (divided by) 12 Months = $2,217.73
per month payments for 30 years
|
|
|
| 10. |
$4,531.04
per month total cost of housing |
| |
|
3 Bedroom/ 2 Bath Home featuring:
| •
Hardwood floors
• Vaulted Ceilings
• Main Floor Laundry
•
Dishwasher
•
Custom Built Cabinetry |
•
Fireplace
•
Central Air Conditioning
•
Oak Woodwork
• Formal Dining Room
• Close to Schools |
| Location:
San Jose, California |
Purchase
Price: $650,000.00 |
Down
Payment: $65,000.00 |
Terms:
Purchase @ 6.22% interest for 30 years |
|
|
|
Cost Breakdown:
| House
Payment: $3590.54 per month x
12 months |
= |
$43,086.48 |
Water/Sewer/Garbage @ $50 average/month
x 12 months |
+ |
$600.00 |
Electric Bill @ $50 average/month
x 12 months |
+ |
$600.00 |
Gas
Bill @ $50 average/month x 12
months |
+ |
$600.00 |
Property
Taxes (yearly cost)
|
+ |
$7,800.00 |
Insurance
(yearly cost) |
+ |
$1,686.00
|
Total
Yearly Cost |
|
$54,372.48 |
|
To
figure monthly cost: Divide the Total Yearly
Cost by 12 months:
$54,372.48
÷ (divided by) 12 Months = $4,531.04
per month payments for 30 years
|
|
|
Copyright
© 2008, Steve Beutler, All rights reserved. Permission granted
to use for educational purposes. This website is NOT to
be used for financial gain.
|
