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Monthly gross income $ 8,750 Down payment to be made (percent of purchase price) 10 percent Other debt (monthly payment) $ 450 Monthly estimate for
| Monthly gross income | $ | 8,750 | ||
| Down payment to be made (percent of purchase price) | 10 | percent | ||
| Other debt (monthly payment) | $ | 450 | ||
| Monthly estimate for property taxes and insurance | $ | 600 | ||
| 25-year loan at | 5.5 | percent | ||
| Affordable monthly mortgage payment | $ | |
| Affordable mortgage amount | $ | |
| Affordable home purchase price | $ | |
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Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
9th Edition
73530700, 978-0073530703
