You can afford monthly payments of $700. If current mortgage rates are 2.76% for a 15 -year fixed rate loan, how much can you afford to borrow? If you are required to make a 10% down payment and you have the cash on hand to do it, how exponsive a home can yous afford? ; Hint: You will need fo solve the loan payment formula for P1) How much can you attord to borrow? (Round to the nearest dollar as needed.) How eppensive a home can you afford? (Round to the nearest dollar as needed.)