need helpinh solving thr third answer

Estimate the affordable monthly mortgage payment, the affordable mortgage amount and the affordable home purchase price for the following situation (Refer to Exhibit 98 and Exhibit.9.99 (Round time value factor to 2 decimal places, intermediate and final answers to the nearest whole number.) Monthly gross Income Down payment to be made (percent of purchase price) Other debt (monthly payment) Monthly estinate for property taxes and insurance 30-year loan Mortgage Costs $ 6,250 10 Percent 360 456 8.0 Percent Alordable monthly mortgage payment Affordable mortgage amount Affordable home purchase price Affordable Amount 5 1,566 $ 213,215 Exhibit - Housing affordability and mortgage qualification amounts Example A Example $48,000 12 $48,000 - 12 $4,000 Stept Determine your monthly gross income (annual Income divided by 12) Step 2 With a down payment of at least 5 percent, lenders use 33 percent of monthlygross income as a guideline for PITI (principal, Interest taxes and insurance and 38 percent of monthly gross income as a guideline for PITI plus other debt payments $4.000 38 $1,520 51,320 -380 -300 -300 5840 $t020 Step 3: Subtract other debt payments (eg payments on on auto loan) and on estimate of the monthly costs of property taxes and homeowner's Insurance (a) Affordable monthly mortgage poyment Step 4: Divide this amount by the monthly mortgage payment per $1000 based on current mortgage rates-on 8 percent 30 year loan, for exemple see Exhibit 9-9) -and multiply by $1.000 5734 -5734 * $1,000 St000 (5) Affordable mortgage amount $114441 $138,965 9 Step 5: Divide your affordable mortgage amount by 1 minus the fractional portion of your down payment (eg, 1-1 with a 10 percent down payment (c) Affordable home purchase price $127157 $154 405 Thong and the requery bead warty finding them. The Pro 70 cod 1550 Torm Rate 30 Years 25 Years 20 Years 15 Years 3.09 $422 $474 $5.55 $6.91 3.5 4.49 501 5.80 715 40 4.77 5.28 6.06 7.40 4.5 5.07 5.56 633 765 5.0 5.37 5.85 6.60 791 5.5 5.68 6:14 6.88 817 6.0 6.00 6.44 736 8.43 6.5 632 6.67 7.45 871 70 6.65 706 775 8.98 75 739 8:06 9.27 6.99 734 80 772 8.36 956 8.5 769 805 8.68 9,85