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 $7-7.($Round your intermediate and final answers to the nearest whole dollar.$)$

Monthly gross income

Other debt $($monthly payment$)$

$25-$year toan at

Down payment to be made $($percent of purchase price$)$

Monthly estimate for property taxes and insurance

Affordable monthly mortgage payment

Affordable mortgage amount

Affordable home purchase

$$3,460$

$$220$

$6$ percent

$15$ percent