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Business, 30.03.2020 21:28 fonsworth5

Michelle Duncan wants to know her affordable home purchase price. Her annual gross income is $47,400. She has $710 per month of other debt and expects her property taxes and homeowners insurance to cost $300 per month. She knows she can get a 10.50%, 30-year mortgage so that her mortgage payment factor is $9.15. She expects to make a 20% down payment. What is Michelle's affordable home purchase price?

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Michelle Duncan wants to know her affordable home purchase price. Her annual gross income is $47,400...

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