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 $7-7.($Round your intermediate and final answers to the nearest whole dollar.$)$

Monthly gross income

other debt $($monthly payment$)2-$year loan at

Down payment to be made $($percent of purchase price$)$

Monthly estimate for property taxes and insurance

$$3,480$

$$240$

$5$ pe

$10$ pe

$$200$

Affordable monthly mortgage payment

Affordable mortgage amount

Affordable home purchase