You want to buy a home, and you have $19000available 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; homeowners insurance, $75; repairs and maintenance, $50. Your lender has provided an estimate of $1500 for closing costs. What is the maximum you can afford to pay for a home, assuming current mortgage rates are 6 percent?

$145943

$164943

$163443

$166443