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Above Moderate <br />Moderate <br />Low <br />Very Low <br /> <br /> TABLE IV-9 <br /> <br />AFFORDABLE HOUSING PRICES - 1990 <br /> <br /> Two Person Household <br /> <br />Monthly Purchase <br />Rent (1) Price (2) <br /> <br /> >$1,059 <br />$706-$1,059 <br />$450-$706 <br /> <$450 <br /> <br />>$150,700 <br />$100,562-$150,700 <br /> $64,097-$100,562 <br /> <$64,097 <br /> <br />Above Moderate <br />Moderate <br />Low <br />Very Low <br /> <br /> Four Person Household <br />Monthly Purchase <br />Rent ~1) Price (2) <br /> <br />>$1,325 <br />$880-$1,325 <br />$550-$88o <br /> <$550 <br /> <br />>$188,750 <br />$125,350-$188,750 <br /> $78,350-$125,350 <br /> <$78,350 <br /> <br />(1) Rent equal to 30% of monthly median income (see Table IV-7) <br /> <br />(2) <br /> <br /> Prices based on a monthly mortgage payment equal to 30% of <br />monthly income; assumes a 20% down payment on a 30-year <br />fixed rate mortgage of 10% <br /> <br />IV-41 <br /> <br /> <br />