Estimate the affordable monthly mortgage payment, the affordable mortgage amount, and the affordable home purchase price for the following situation. (Refer to Exhibit 9-8 and Exhibit 9-9) (Round time value factor to 2 decimal places, intermediate and final answers to the nearest whole number.) Mortgage Costs Monthly gross income $ 6,000 Down payment to be made (percent of purchase price) 10 Percent Other debt (monthly payment) $ 310 Monthly estimate for property taxes and insurance $ 390 30-year loan 5.0 Percent

affordable monthly mortgage payment:

affordable mortgage amount:

affordable home purchase price: