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5. (2 points) For the house that Matt and Jessica have chosen, the annual property taxes are $3,633, and their homeowners insurance premium is $1,020
5. (2 points) For the house that Matt and Jessica have chosen, the annual property taxes are $3,633, and their homeowners insurance premium is $1,020 per year. Since they will make a 20% down payment, they do not have to pay PMI. Find their total PITI.
6. (2 points) Do Matt and Jessica pass the 28% and 36% tests to qualify for a mortgage? Recall that Matt and Jessica have a car loan and a student loan from Part 1 of the project. Use their salaries given in Part 2 of the project. Show all of your calculations to justify your answers.
D Question 6 2 pts Do Matt and Jessica pass the 28% and 36% tests to qualify for a mortgage? Recall that Matt and Jessica have a car loan and a student loan from Part 1 of the project. Use their salaries given in Part 2 of the project. Show all of your calculations to justify your answers. HTML Editor U A Paragraph 0 words D Question 6 2 pts Do Matt and Jessica pass the 28% and 36% tests to qualify for a mortgage? Recall that Matt and Jessica have a car loan and a student loan from Part 1 of the project. Use their salaries given in Part 2 of the project. Show all of your calculations to justify your answers. HTML Editor U A Paragraph 0 wordsStep by Step Solution
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