Answer Happy

Estimate the affordable monthly mortgage payment, the affordable mortgage amount, and the affordable home purchase price for the following situation. (Refer to Exhibit 9-8 and Exhibit 9-9) (Round time value factor to 2 decimal places, intermediate and final answers to the nearest whole dollar.) 3,250 $ Monthly gross income Down payment to be made (percent of purchase price) Other debt (monthly payment) Monthly estimate for property taxes and insurance 30-year loan 20 percent $ 175 $ 210 7 percent Affordable monthly mortgage payment Affordable mortgage amount Affordable home purchase A tAtA $ $