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5.(2 points) For the house that Brandon and Kayla have chosen, the annual property taxes are $2,928, and their homeowners insurance premium is $1,260 per
5.(2 points) For the house that Brandon and Kayla have chosen, the annual property taxes are $2,928, and their homeowners insurance premium is $1,260 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 Brandon and Kayla pass the 28% and 36% tests to qualify for a mortgage? Recall that Brandon and Kayla 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. 5.(2 points) For the house that Brandon and Kayla have chosen, the annual property taxes are $2,928, and their homeowners insurance premium is $1,260 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 Brandon and Kayla pass the 28% and 36% tests to qualify for a mortgage? Recall that Brandon and Kayla 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
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