Question
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.
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 | $ 2,950 | |
|---|---|---|
| Other debt (monthly payment) | $ 160 | |
| 30-year loan at | 6 | percent |
| Down payment to be made (percent of purchase price) | 15 | percent |
| Monthly estimate for property taxes and insurance | $ 210 |
|
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Active Value Investing Making Money In Range Bound Markets
Authors: Vitaliy N. Katsenelson
1st Edition
0470053151, 978-0470053157
