You can afford monthly poyments of $500. If cutrent mongage rates are 3.47% for a 30 -year fixed rate loan, bow much can you aftord to borrow? if you are required to make a 10% down payment and you have the casti on hand to do it, how expensive a tiome can you afford? (Hint: You will need to solve the loan payment formula for P.) How much can you afford to borrow? (Round to the nearest dolliar as needed.)