Someone wants to know what home price he can afford. Their annual gross income is $55,200. They has no other debt expens

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answerhappygod
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Someone wants to know what home price he can afford. Their annual gross income is $55,200. They has no other debt expens

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Someone wants to know what home price he can afford.Their annual gross income is $55,200. They has no otherdebt expenses and expects property taxes and insurance to cost $390per month. They knows they can get a 9.50 percent,15-year mortgage so hthe mortgage payment factor is 10.44.They expect to make a 25 percent down payment. Whatis the affordable home purchase price?
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