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Andre Wheeler wants to know what home price he can afford. His annual gross income is $49,200. He has no other debt expenses and expects
Andre Wheeler wants to know what home price he can afford. His annual gross income is $49,200. He has no other debt expenses and expects property taxes and insurance to cost $320 per month. He knows he can get a 6.50 percent, 15-year mortgage so his mortgage payment factor is 8.71. He expects to make a 15 percent down payment. What is Andre's affordable home purchase price
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