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Estimate the affordable monthly mortgage payment, the affordable mortgage amount, and the affordable home purchase price for the following situation. Use Exhibit 7 - 6
Estimate the affordable monthly mortgage payment, the affordable mortgage amount, and the affordable home purchase price for the following situation. Use Exhibit Exhibit Do not round intermediate calculations. Round your answers to the nearest whole dollar.
Monthly gross income $
Other debt monthly payment $
year loan at percent
Down payment to be made percent of purchase price percent
Monthly estimate for property taxes and insurance $
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