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	$	3,000
Other debt (monthly payment)	$	165
20-year loan at		5	percent
Down payment to be made (percent of purchase price)		10	percent
Monthly estimate for property taxes and insurance	$	215

Affordable Mothy mortgage payment?

Affordable mortgage amount?

Affordable home purchase?