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Assume you are looking to buy a home. Use the following information to answer questions 22 - 24. - Your annual income is $54,000. - Your monthly car payment is $400. - You plan to make a down payment of 10% of the purchase price. - Your lender uses 33% of monthly gross income as a guideline for PITI (principal, interest, taxes and insurance). - You are applying for a 30-year, 6% loan. Your mortgage payment factors (principal and interest per $1,000 of loan amount) are $6 for each $1,000 of the mortgage amount. Question 22 4 pts What is the price of the home you can afford (purchase price)? $231,481 $154,405 $200,926 What would be the amount of your mortgage loan you could afford? $180,833 $200,925 $208,333 $138,965 Question 24 4 pts What would be the monthly mortgage payment? $1,100 $1,388 $1,085 $1,205