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*[https://www.payscale.com/research/US/Job=Software_Engineer/Salary/6afda229/Entry-Level-Denver-CO Avg salary of junior software engineer in Denver] | *[https://www.payscale.com/research/US/Job=Software_Engineer/Salary/6afda229/Entry-Level-Denver-CO Avg salary of junior software engineer in Denver] | ||
*[https://smartasset.com/taxes/colorado-paycheck-calculator#1pu5Hvnuyd Paycheck calculator] | *[https://smartasset.com/taxes/colorado-paycheck-calculator#1pu5Hvnuyd Paycheck calculator] | ||
| − | + | *[https://loans.usnews.com/fha-loans Average Down Payment information] | |
| + | *[http://www.interest.com/mortgage/news/how-much-house-can-you-afford/ Ideal income percentage to be spending on housing] | ||
| + | *[https://www.consumerfinance.gov/ask-cfpb/what-is-private-mortgage-insurance-en-122/ Private Mortgage Insurance Info] | ||
| + | *[http://www.homebuyinginstitute.com/mortgage/does-down-payment-affect-the-interest-rate/ Down Payment affecting monthly payments info] | ||
| + | *[https://money.cnn.com/calculator/pf/moneygrow/index.html 7] | ||
[[Category:MA279Fall2018Walther]] | [[Category:MA279Fall2018Walther]] | ||
Revision as of 12:39, 2 December 2018
How to Plan Buying a House
Introduction
For most people, buying a first house is a milestone event in life and represents a major financial decision. In this project, we analyze the mathematics of three factors involved in buying a home: salaries, investments, and mortgages.
As an example of our theory, we provide the scenario of a recent computer science graduate living and working in Denver, Colorado, who is planning to buy a house in 5 years.
| Year | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Salary | 97,477.48 | 99,398,08 | 101,318,67 | 103,239,27 | 105,159.87 |
