Michelle Duncan wants to know what price home she can afford. Her annual gross income is $49,900. She owes $770 per month on other debts and expects her property taxes and homeowners Insurance to cost $250 per month. She knows she can get an 5.00%, 30-year mortgage so her mortgage payment factor is 5.37. She expects to make a 25% down payment. What is Michelle's affordable home purchase price? (Round your answer to the nearest dollar amount.) Multiple Choice 340700 S0229 $002 SHOW