Suppose your gross monthly income is \(\$ 4,550\) and your spouse's gross monthly salary is \(\$ 3,980\). Your monthly bills are \(\$ 1,235\). The home you wish to purchase costs \(\$ 535,000\) and the loan is a \(6.85 \% 30\)-year loan. How much down payment (rounded to the nearest hundred dollars) is necessary to be able to afford this home? This down payment is what percent of the cost of the home? Assume the bank will allow you to pay up to \(36 \%\) of your gross monthly income (less current monthly payments) for house payments.