Andre Wheeler wants to know what home price he can afford. His annual gross income is $$69,600.$ He has no other debt expenses and expects property taxes and insurance to cost $$470$ per month. He knows he can get a $5\mathrm{.}00$ percent, $15-$year mortgage so his mortgage payment factor is $7\mathrm{.}91.$ He expects to make a $15$ percent down payment. What is Andre's affordable home purchase price?

Note: Do not round intermediate calculations and round your final answer to the nearest $$100.$

Multiple Choice

$$163,900$

$$235,700$

$$265,100$

$$214,800$

$$194,200$