You have just graduated from ACME State with a degree in Diesel Technology. Your new job takes you to Toledo, Ohio. You are now earning $37,000 per year. Your take home pay is 70% of that gross total. You are anxious to purchase a home. You have the following monthly expenses: Food $255 Utilities $145 Phone $75 Medical $35 Insurance $130 (including auto, health and life) Clothing $70 Student loan payment $135 VISA payment $65 MasterCard Payment $48 Car payment $211 Miscellaneous $105 First calculate your monthly take-home pay. Next, add up the budgeted monthly expenses shown above. How much remains for a monthly mortgage PITI payment (PITI = principal, interest, taxes, insurance)? Group of answer choices $747.67 $884.33 $1,622,67 $2,041.67 Assume that taxes and insurance (T&I) amount to $80 per month. How much remains to pay monthly mortgage principal and interest (P&I)? (Hint: Use your answer from the previous question) Group of answer choices $795.67 $1,971.67 $804.33 $677.67 Using the answer to the above question calculate the size of the mortgage loan you could obtain. Assume a 30-year loan at 8 percent annual interest. Group of answer choices $109,616.90 $119,494.52 $112,380.46 $101,858.93 mortgage Using the answer from the above question, and assuming you have 10 percent of the purchase price, what is the most you could pay for a home? Group of answer choices $113,176.59 $126,666,67 $134,444.44 $121,796.56 Assuming you do not pay the mortgage off early, how much interest will you pay the lender over the life of the 30 year loan if you payment is $578.67 per month and the mortgage loan was for $137,713? Group of answer choices $80,587.94 $102,682.57 $70,608.20 $79,501.20