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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
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.) Monthly gross income Down payment to be made (percent of purchase price)15 Percent $4,100 nehes gelet lnote for property taxes and insurance Monthly estimate for property taxes and insurance 30-year loan $ 335 7.5 Percent
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