1. You want to purchase a home for $165,000, and financing is for 30 years at 5.5%. You will put down 20% so you don't have to pay PML What is down payment and monthly payment?- 33.000 27 b. If you are only able to pay $700/mo, how much house can you afford with the same terms (you can put down the same dollar amount as above)? 5S c. You really love the $165,000 house, but still need the $700/mo payment and no PMI. What interest rate do you need to find so that you would be able to purchase the home? 4.893/ res