Estimate the affordable monthly mortgage payment, the affordable mortgage amount, and the affordable home purchase price for the following situation. Use Exhibit 7-6, Exhibit 7-7. (Do not round intermediate calculations. Round your answers to the nearest whole dollar.) Monthly gross income Other debt (monthly payment) 30-year loan at Down payment to be made (percent of purchase price) Monthly estimate for property taxes and insurance Answer is complete but not entirely correct. 751 112,932 X 132,862 Affordable monthly mortgage payment Affordable mortgage amount Affordable home purchase $ $ $ $ 2,950 $ 160 6 percent 15 percent $ 210

Estimate the affordable monthly mortgage payment, the affordable mortgage amount, and the affordable home purchase price for the following situation. Use Exhibit 7-6. Exhibit 7-7. (Do not round intermediate calculations. Round your answers to the nearest whole dollar.) Estimate the affordable monthly mortgage payment, the affordable mortgage amount, and the affordable home purchase price for the following situation. Use Exhibit 7-6. Exhibit 7-7. (Do not round intermediate calculations. Round your answers to the nearest whole dollar.)