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26. You can afford a monthly mortgage payment of no more than $575. The home you have your eyes on is priced at $109.000. Assuming
26. You can afford a monthly mortgage payment of no more than $575. The home you have your eyes on is priced at $109.000. Assuming your lender will lend 80% LTV and you can afford the downpayment and interest rates are 4.20% over 360 months, does it appear this house meets your standards for affordability?|| a. No, the payment is above $575 b. Yes, the payment is affordable C. The payment is $534.56 d. Home lenders never offer 360 month loans
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