(1pt) What is the affordable mortgage payment (PBI) using the 28/36 DTi Model? (gross income * 28% less property taxes/home insurance) - Gross income =125,000 permonth - 28% = =35,00125,000 per month - less taxes and insurance = per month - Affordable monthly mortgage = per month (1pt) What is the LOAN PRINCiPLE your atfordable mortgage psyment would support using the financing information in the table above? (use the TVM module END mode find PV) - PMT = (affordable monthly mortgage) - Interest Rate = - N = (Itotal number of parmeats) - PV = loan amount you can afford (1pt) Given your savings balance for down payment and closing conts, how much should your "go shopping" amount be? - Total Savings = - Lessi Closing Costs = - Down Payment = - Go shopping Amount = approvimate home value (1pt) If the interest rate on your mortgoge increased to 7% APR with monthly compounding. what would the new loan amount be (use the TVM module, END mode). - PMT = (affordable monthly mortgage) - Interest Rate = - N = (total number of payments) - PV = NEW loan amount you can afford