Scott & Rebecca can afford to pay

$

$2$

$,$

$500\mathrm{.}00$

$$2,500\mathrm{.}00$ each month for a mortgage. Their credit union is offering home loans at

$4\mathrm{.}5$

$4\mathrm{.}5$

$\%$

$\%.$ If they take out a

$35$

$35-$year mortgage how much can they afford to borrow?

$

$

Preview

Heidi & Peter can only afford

$

$1$

$,$

$250\mathrm{.}00$

$$1,250\mathrm{.}00$ per month for a mortgage. Their credit union is also offering home loans at

$4\mathrm{.}5$

$4\mathrm{.}5$

$\%$

$\%.$ If they take out a

$35$

$35-$year mortgage how much can they afford to borrow?