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What would be the total mortgage loan amount? Financial Summary Materials So how much would the monthly mortgage payment be on a $349,050 dollar home?

image text in transcribedWhat would be the total mortgage loan amount?

Financial Summary Materials So how much would the monthly mortgage payment be on a $349,050 dollar home? Ross Our assets: -Checking account: $4,258 -Savings account: $54,300 -Emergency fund savings account: $24,300 -IRA balance: $24,300 -Cars: $11,720 + $22,580 Help Randi calculate the monthly mortgage payment amount. Our incomes: -Jamie Lee: $68,600 gross income ( $51,450 net income after tax) -Ross: $49,300 gross income ($36,975 net income after tax) Use the following information to calculate the monthly mortgage payment amount to purchase a $349,050 home: -$54,300 down payment -$500 per month for estimated combined property taxes and insurance -5% interest rate for 30 years -No other costs Our monthly expenses: -Utilities: $160 -Food: $325 -Gas/Maintenance: $275 -Credit Card payment: $0 -Car loan payment: $289 -Entertainment: $300 We don't have any student loan or credit card balances. But we do have car loans that add up to $8,000. What would be the total mortgage loan amount? Continue Financial Summary Materials So how much would the monthly mortgage payment be on a $349,050 dollar home? Ross Our assets: -Checking account: $4,258 -Savings account: $54,300 -Emergency fund savings account: $24,300 -IRA balance: $24,300 -Cars: $11,720 + $22,580 Help Randi calculate the monthly mortgage payment amount. Our incomes: -Jamie Lee: $68,600 gross income ( $51,450 net income after tax) -Ross: $49,300 gross income ($36,975 net income after tax) Use the following information to calculate the monthly mortgage payment amount to purchase a $349,050 home: -$54,300 down payment -$500 per month for estimated combined property taxes and insurance -5% interest rate for 30 years -No other costs Our monthly expenses: -Utilities: $160 -Food: $325 -Gas/Maintenance: $275 -Credit Card payment: $0 -Car loan payment: $289 -Entertainment: $300 We don't have any student loan or credit card balances. But we do have car loans that add up to $8,000. What would be the total mortgage loan amount? Continue

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