9. Housing 4382 Seebaldt St City: Detroit Zip Code: 48204 Located in Wayne County Single family house Two stories plus basement 2 bedrooms/2 bathrooms 2-car garage
10. Housing Costs Buying for $5,500 House size: 2,704 square feet $2.03 per sq. foot Lot size: 5,227 square feet Property taxes: $2,519.00 Homeowner’s Insurance from Allstate: $800/year (If we decided to make a 10% down payment: $550 A 30-year fixed mortgage would be $92 per month.) Housing, property taxes, and homeowner’s insurance are equally shared costs. ($2,750.00; $1,259.50; and $400.00 each, respectively. Total of $4,409.50 each)
11. Remaining Income Christopher Wong $28,760.00 - $2,750.00 (cost) - $1,259.50 (tax) - $400.00 (insurance) $24,350.00 Michelle Chan $40,085.00 - $2,750.00 (cost) - $1,259.50 (tax) - $400.00 (insurance) $35,675.50
18. Individual coverageMichelle Chan Young Adult Blue Max $1,144.92 annually (age 25) $95.41 per month per person $1,000 deductible 70% coinsurance for in-network services 30% copay for in-network services Individual coverage Ouch!
19. Remaining Income Christopher Wong $24,350.00 - $1144.92 (healthcare) $23,205.58 Michelle Chan $35,675.50 - $1144.92 (healthcare) $34,530.58
25. Utilities (equally shared costs calculated on annual basis) Cox Deluxe Bundle Service ($82.44 per month): $989.28 Includes cable, Internet, and land line phone services Electricity (about $90.00 per month through Detroit Edison): $1,080.00 Water (about $65.00 per month through Detroit Water and Sewage Department): $780.00 Gas (about $95.00 per month through Detroit Edison): $1,140.00 + Cell Phone Plan (Verizon Unlimited Talk, Text, and Data plan; $120.00 per month EACH): $1,440.00 EACH Total cost for all utilities will be $3,434.64 each. Christopher’s Hello Kitty iPhone 4