Mortgage Affordability. Paul will be able to save $312 per month (which can be used for mortgage payments) for the indefinite future. If Paul finances the remaining cost of a $123,000 home, after making a $24,600 down payment, (amount to finance $98,400) at a rate of 5% over 30 years, what are his resulting monthly mortgage payments? Can he afford the mortgage? Paul's resulting monthly mortgage payment is $ (Use your financial calculator and round to the nearest cent.) Can he afford the mortgage? (Select the best answer below.) OA. Yes, Paul will have enough from his monthly savings amount to cover his mortgage payment OB. No, Paul will not have enough from his monthly savings amount to cover his mortgage payment.