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estimating a monthly mortgage payment.estimate the affordable monthly mortgage payment,the affordable mortgage amount and the affordable home purchase price for the following situation (see exhibit

estimating a monthly mortgage payment.estimate the affordable monthly mortgage payment,the affordable mortgage amount and the affordable home purchase

price for the following situation (see exhibit 9-8)

monthly gross income $ 2950

down payment to be made-15 percent of purchase price

other debt (monthly payment) $160

monthly estimate for property taxes and insurance $ 210

30 years loan at 10.5 percent

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