Luis is going to buy a house whose sale price is $ 246,500.00, the finance company requires ashortly of 5.45% of the sale price, the closing costs are 6.5% of the balance, the rateinterest on the loan is 3 3/8% compounded monthly and the principal will befinance for 30 years. What will the monthly payment be? What will be the total cost of the house? Thatpart of the first payment corresponds to the interest and how much will be contributed to the principal? 

Entry
Luis's net monthly payment is $ 5,080.00 and the bank's borrowing policy establishes that the paymentmonthly will not exceed 30.45% of net monthly income, can you buy the house?