Continulng Case 24. Housing Affordebility Five years have passed and Jamie Lee, 34, s considering taking the plunge not only is she engaged to be married, but she is abo deciding on whether to purchase a new home Jamie Lees cupcake caf is a success! ik has been open for over a year now and has earned itself rave from its regular customers who just cannot get enough of her delicious varieties of cupcakes One such customer a whim in the cafe's first week of business, is Ross. Jamie Lee agreed to be his wife. who stopped by on After a whirlwind courtship, Ross, a self-employed web designer, proposed, and The bungalow that Jamie Lee has been renting for the past five years is too small for the soon-to-be newyweds, so Ross have purchased a brand new three-bedroom, 2 bath home in a quiet neighborhood for Jamie Lee and Use the provided information and the table below to calculate the institution based on Jamie Lee and Ross's income. You affordable mortgage amount that would be suggested by a lending will need to make note of the purchase price (above) of their home for future Use the following for Jamie Lee and Ross's calculations 10% down payment $400 per month for estimated combined property taxes and insurance 6% interest rate for 30 years Refer to Eshibs 7-7 for current mortgage rates Income Assets (lamse Lee and Ross combinedd Checking sccount Savings accou Emergency fund secon $52000 $55.900 Net income aber xes lemie Lee)$36,400 $5,000 Gross income (Jemie Lee 19.800 Goss income (Ross S24700 Net income ofer tses-ons) $12700 Monthly Expenses (Combined 20.700 ises 77000 65.450 Liabiities [Combinedt Student loen belance Credi cera baiance Cer loens $135 $360 $310 $O $296 335 0 Crean card peyment $8700 Cer loan pnyment Prey 1 of 1 Ne here to search