given your financial situation and the table above you should be able to qualify for a home that costs between ____A____ and ___B___. if purchased you were loan would require monthly payments of ___C__.

A. $180,000, $210,000, $120,000 or $150,000

B. $240,000, $180,000, $210,000 or $150,000

C. $1,495-$1,709, $1,380-$1,577, $1,324-$1,514 or $1,027-$1,232

Scenario: You are a single 30-year-old with a gross annual income of $64,000. You have been renting an apartment, but you are tired of the rules set by your landlord. You would like a place that you are free to fix up the way you want it. You are considering both condominiums and single-dwelling homes and are looking at the pros and cons of owning each type of housing. You would like to begin the home-buying process as soon as possible. You have $25,000 saved for a down payment, much of which was recently inherited from your late great aunt, and your family is willing to give you an additional $15,000. You are currently repaying a school loan, a car loan, and some credit card debt. Current interest rates with home lenders are averaging around 7.0% at this time. Price of home / Interest rate $120,000 $150,000 $180,000 $210,000 $240,000 3.0% 555 693 832 971 1,109 23,800 29,700 35,700 41,600 47,500 4.0% 608 760 912 1,064 1,217 26,100 32,600 39,100 45,600 52,100 5.0% 665 832 998 1,164 1,331 28,500 35,700 42,800 49,900 57,000 6.0% 725 907 1,088 1,269 1,451 31,100 38,900 46,600 54,400 62,200 7.0% 789 986 1,183 1,380 1,577 33,800 42,300 50,700 59,200 67,600 and Given your financial situation and the table above, you should be able to qualify for a home that costs between If purchased, your loan would require monthly payments of