Shakeia Duncan wants to know what home price she can afford. Her annual gross income is $52,200. She owes $760 per month on other debts and expects her property taxes and homeowner's insurance to cost $190 per month. She knows she can get an 8.50 percent, 30-year mortgage so her mortgage payment factor is 7.69. She expects to make a 15 percent down payment. What is Shakeia's affordable home purchase price? Note: Do not round intermediate calculations and round your final answer to the nearest $100.

Multiple Choice

A. $900

B. $51,300

C. $900

D. $107,500

E. $106,600