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Michelle Duncan wants to know what price home she can afford. Her annual gross income is $ 5 2 , 8 0 0 . She

Michelle Duncan wants to know what price home she can afford. Her annual gross income is $52,800. She owes $700 per month on other debts and expects her property taxes and homeowners insurance to cost $220 per month. She knows she can get an 7.50%,30-year mortgage so her mortgage payment factor is 6.99. She expects to make a 15% down payment. What is Michelle's affordable home purchase price? (Round your answer to the nearest dollar amount.)
Multiple Choice
$126,567
$972
$972
$51,880
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