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uestion 5 of 10 -/1 Current Attempt in Progress You want to buy a home, and you have $23000 available to cover the down payment

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uestion 5 of 10 -/1 Current Attempt in Progress You want to buy a home, and you have $23000 available to cover the down payment and closing costs. Based on your household budget, you estimate that you can afford to allocate $1200 per month to housing costs. Your real estate agent has given you the following estimates for the monthly nonfinancing costs of home ownership: property taxes, $200; homeowner's insurance, $75; repairs and maintenance, $50. Your lender has provided an estimate of $2000 for closing costs. What is the maximum you can afford to pay for a home, assuming current mortgage rates are 6 percent? You may want to use Excel Worksheet 6.6 in solving this problem. $168943 $170943 $166943 $145943 Assistance Used e Textbook and Media e Textbook uestion 5 of 10 -/1 Current Attempt in Progress You want to buy a home, and you have $23000 available to cover the down payment and closing costs. Based on your household budget, you estimate that you can afford to allocate $1200 per month to housing costs. Your real estate agent has given you the following estimates for the monthly nonfinancing costs of home ownership: property taxes, $200; homeowner's insurance, $75; repairs and maintenance, $50. Your lender has provided an estimate of $2000 for closing costs. What is the maximum you can afford to pay for a home, assuming current mortgage rates are 6 percent? You may want to use Excel Worksheet 6.6 in solving this problem. $168943 $170943 $166943 $145943 Assistance Used e Textbook and Media e Textbook

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