C. Determine the monthly payment of principal and Interest for a 25 years loan . The monthly payment of principal and Intrest for a 25 years loan is D. Determine her monthly payment including homeowners insurance and taxes . Her total monthly payment, including homeowners insurance and taxes E. Does Kathy qualify for the loan

Question 6 10 points Save Ar Kathy wants to buy a condominium selling for $97,000. The taxes on the property are $1500 per year, and homeowners' insurance is $336 per year. Kathy's gross monthly income is $4500. She has 15 monthly payments of $135 remaining on her van. The bank is requiring 20% down and is charging a 9.5% interest rate with no points. Her bank will approve a loan that has a total monthly mortgage payment of principal, interest, property taxes, and homeowners' insurance that is less than or equal to 28% of her adjusted monthly income. Complete parts a) through e) below. A) Determine the required down payment. The required down payment is $ (Round to the nearest cent as needed - two decimal places) B) Determine 28% of her adjusted monthly income. 28% of her adjusted monthly income is $ _ (Round to the nearest cent as needed - two decimal places)