Morris Daily Herald


Friend's E-mail:
  (maximum of 3 addresses separated by commas)
Your E-mail:
A Brief Comment (150 char max / 25 word max)
Article:

Can You Afford a Home in Chicago?

By Sally Deneen Can you afford a home in Chicago? The mortgage website HSH.com answers yes – if you have an after-tax income of $32,388.90, making the city the 11th most affordable out of 25 cities rated. Here's how the website says it made that calculation: It assumes that you purchase a $187,100 home and a 4.47 percent mortgage interest rate to come up with a monthly mortgage payment of $755.74. That covers only the interest and principal, not those real-world extras such as taxes, insurance, down payment and expenses to live in the home. Cleveland ranks easiest on the wallet in these rankings. You'd need an after-tax income of $19,435 to afford a low monthly mortgage payment – just $453.49. That's for a home that costs $112,800 in C

Security image:   
Note:the e-mail sent will contain information, such as your IP address (54.234.225.23), for purposes of tracking abuse. Use of this software to spam or harass individuals can and may result in penalties punishable by law.

[x] Close Window

Copyright © 2014 Morris Daily Herald. All rights reserved.