Problem 7-5 (LO7.3) Estimate the affordable monthly mortgage payment, the affordable mortgage amount, and the affordable home purchase price for the following situation. Use Exhibit 7-6, Exhibit 7-7. (Round your intermediate and final answers to the nearest whole dollar.) Monthly gross income Other debt (monthly payment) $ 3,485 $ 245 25-year loan at 7 percent Down payment to be made (percent of purchase price) Monthly estimate for property taxes and insurance 20 percent $ 190 Affordable monthly mortgage payment Affordable mortgage amount Affordable home purchase