BD Personal Finance (3) Save Homework: Chapter 10 Homework Score: 0.5 of 1 pt 20 of 20 (20 complete) HW Score: 97.5%, 19.5 of 20 pts %x Planning #12 (similar to): Mortgage Affo Question Help Mortgage Affordability. Paul will be able to save $309 per month (which can be used for mortgage payments) for the indefinite future. If Paul finances the remaining cost of a $103,000 home, after making a $20,600 down payment, (amount to finance $82,400) at a rate of 5% over 30 years, what are his resulting monthly mortgage payments? Can he afford the mortgage? Paul's resulting monthly mortgage payment is $ (Use your financial calculator and round to the nearest cent.)