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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 Round your intermediate and final answers to the nearest whole dollar.
Monthly gross income
Other debt monthly payment
year loan at
Down payment to be made percent of purchase price
Monthly estimate for property taxes and insurance
$
$
percent
percent
$
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