Kathie wants to buy a condo selling for $95,000 the taxes on the property are 1300 per year in the home owners insurance is $336 per year Kathys gross monthly income is $4000 she has 15 monthly payments of $145 remaining on her van. the bank is requiring 20% down and it's charging a 9.5% interest rate with no points. her bank will approve a loan that is a total monthly mortgage payment of principal, interest, and property taxes and homeowners insurance that is less than or equal to 28% of your adjusted monthly income complete parts a through H below

o Kathy wants to buy a condominium selling for 595,000. The on the property are 51300 per year, and homeowners ance 5336 per year. Katty's gross monthly income is 54000. She has 15 marthly payments of 5145 remaining on her van The bank is requiring 20% down and is charging a 95% interest rate with no points. Her bank will approve a loan that has a total modhly mortgage payment of principal Interest, property taxes, and homeowners Insurance that is less than or equal to 78% of her added monthly income. Complete parts although below Determine the required down payment The required down payment is Determine 20% of her adjusted monthly income 20% of her sted monthly income Round to the recent as needed) Determine the monthly payments of principal and interest for a 25 year loan The monthly payment of principal and interest for a 25-year loan is! (Round to the nearest cont as needed) d) Determine her monthly payment, including homeowners Insurance and as Her total monthly payment, including homeowners' hourance and taxes as (Round to the nearest cant as needed.) .) Does Kathy quality for the loan? e) Does Kathy qualify for the loan? O No Yes 1) Determine how much of the first payment on the loan is applied to the principal The amount of the first payment that is applied to the principal is $ (Round to the nearest cent as needed.) 9) Determine the total amount she pays for the condominium with a 25-year conventional loan (Do not include taxes or homeowners Insurance.) The total amount paid is $(Round to the nearest dollar as needed) h) Determine the total interest paid for the 25 year loan. The total interest paid is $(Round to the nearest dollar as needed.) a) Determine the required down payment. The required down payment is $1 b) Determine 28% of her adjusted monthly income. 28% of her adjusted monthly income is $ (Round to the nearest cent as needed.) c) Determine the monthly payments of principal and interest for a 25-year loan. The monthly payment of principal and interest for a 25-year loan is $]. (Round to the nearest cent as needed) d) Determine her monthly payment, including homeowners' insurance and taxes. Her total monthly payment, including homeowners' insurance and taxes is $3 (Round to the nearest cent as needed) e) Does Kathy qualify for the loan? Na Click to select your answer(s). 1 Type here to search O E homeowners Insurance that is less than or equal to 28% of her adjusted monthly income. Complete parts a) through h) below. Ther rotan monuniy payment, including nomeowners Insurance and taxes is (Round to the nearest cent as needed.) e) Does Kathy qualify for the loan? No Yes f) Determine how much of the first payment on the loan is applied to the principal The amount of the first payment that is applied to the principal is $ (Round to the nearest cent as needed) 9) Determine the total amount she pays for the condominium with a 25-year conventional loan (Do not include taxes or homeowners' insurance) The total amount paid is $(Round to the nearest dollar as needed.) h) Determine the total interest paid for the 25-year loan. The total interest paid is $(Round to the nearest dollar as needed.) Click to select your answer(s). o Kathy wants to buy a condominium selling for 595,000. The on the property are 51300 per year, and homeowners ance 5336 per year. Katty's gross monthly income is 54000. She has 15 marthly payments of 5145 remaining on her van The bank is requiring 20% down and is charging a 95% interest rate with no points. Her bank will approve a loan that has a total modhly mortgage payment of principal Interest, property taxes, and homeowners Insurance that is less than or equal to 78% of her added monthly income. Complete parts although below Determine the required down payment The required down payment is Determine 20% of her adjusted monthly income 20% of her sted monthly income Round to the recent as needed) Determine the monthly payments of principal and interest for a 25 year loan The monthly payment of principal and interest for a 25-year loan is! (Round to the nearest cont as needed) d) Determine her monthly payment, including homeowners Insurance and as Her total monthly payment, including homeowners' hourance and taxes as (Round to the nearest cant as needed.) .) Does Kathy quality for the loan? e) Does Kathy qualify for the loan? O No Yes 1) Determine how much of the first payment on the loan is applied to the principal The amount of the first payment that is applied to the principal is $ (Round to the nearest cent as needed.) 9) Determine the total amount she pays for the condominium with a 25-year conventional loan (Do not include taxes or homeowners Insurance.) The total amount paid is $(Round to the nearest dollar as needed) h) Determine the total interest paid for the 25 year loan. The total interest paid is $(Round to the nearest dollar as needed.) a) Determine the required down payment. The required down payment is $1 b) Determine 28% of her adjusted monthly income. 28% of her adjusted monthly income is $ (Round to the nearest cent as needed.) c) Determine the monthly payments of principal and interest for a 25-year loan. The monthly payment of principal and interest for a 25-year loan is $]. (Round to the nearest cent as needed) d) Determine her monthly payment, including homeowners' insurance and taxes. Her total monthly payment, including homeowners' insurance and taxes is $3 (Round to the nearest cent as needed) e) Does Kathy qualify for the loan? Na Click to select your answer(s). 1 Type here to search O E homeowners Insurance that is less than or equal to 28% of her adjusted monthly income. Complete parts a) through h) below. Ther rotan monuniy payment, including nomeowners Insurance and taxes is (Round to the nearest cent as needed.) e) Does Kathy qualify for the loan? No Yes f) Determine how much of the first payment on the loan is applied to the principal The amount of the first payment that is applied to the principal is $ (Round to the nearest cent as needed) 9) Determine the total amount she pays for the condominium with a 25-year conventional loan (Do not include taxes or homeowners' insurance) The total amount paid is $(Round to the nearest dollar as needed.) h) Determine the total interest paid for the 25-year loan. The total interest paid is $(Round to the nearest dollar as needed.) Click to select your answer(s)