Michelle Duncan wants to know what price home she can afford. Her annual gross income is $42,600. She owes $660 per month on other debts and expects her property taxes and homeowners insurance to cost $230 per month. She knows she can get an 8.00%, 30-year mortgage so her mortgage payment factor is 7.34. She expects to make a 10% down payment. What is Michelle's affordable home purchase price?

		$86,278.
		$69,482.
		$76,692.
		$78,168.