The Jones' have $50,000 in savings available for upfront costs on a home purchase. They qualified for a 30-year mortgage at a rate of 4.5 percent. They also expect closing costs to total $4,000. They have budgeted $1,500 per month to allocate to housing costs, including monthly non-financing costs of $100 for homeowner's insurance, $200 for property taxes, $150 for repairs and $50 for maintenance. What is the maximum they can afford to pay for a home? *hint: after determining the Jones' maximum loan amount using the provided monthly payment information, remember to add the amount of money that the Jones' have saved for a down-payment to the loan amount to determine maximum purchase price. O $342,041 $243,361 $197,361 O $247,361 Question 31 2.5 pts You have just bought a home and financed it with a 4% 30-year mortgage in the amount of $200,000. If you keep the home for the full term of the mortgage and make all of your payments on time, how much total interest will you pay over the life of the loan? $143,739 O $208,509 O $343,739 $388,509 The Jones' have $50,000 in savings available for upfront costs on a home purchase. They qualified for a 30-year mortgage at a rate of 4.5 percent. They also expect closing costs to total $4,000. They have budgeted $1,500 per month to allocate to housing costs, including monthly non-financing costs of $100 for homeowner's insurance, $200 for property taxes, $150 for repairs and $50 for maintenance. What is the maximum they can afford to pay for a home? *hint: after determining the Jones' maximum loan amount using the provided monthly payment information, remember to add the amount of money that the Jones' have saved for a down-payment to the loan amount to determine maximum purchase price. O $342,041 $243,361 $197,361 O $247,361 Question 31 2.5 pts You have just bought a home and financed it with a 4% 30-year mortgage in the amount of $200,000. If you keep the home for the full term of the mortgage and make all of your payments on time, how much total interest will you pay over the life of the loan? $143,739 O $208,509 O $343,739 $388,509