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Michelle Duncan wants know what price she can afford. Her annual gross income $43,800She owes $720 per month on other debts and expects her property
Michelle Duncan wants know what price she can afford. Her annual gross income $43,800She owes $720 per month on other debts and expects her property taxes and homeowners insurance to cost $260 per month. She knows she can get an 9.00%, 30-year mortgage so her mortgage payment factor is . She expects to make a 15% down payment. What Michelle's affordable home purchase price? (Round your answer to the nearest dollar amount.) Multiple Choice
a. $667
b. $57,374
c. $42,820
d. 59,481
e. $ $ 667
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