Engineering, 23.10.2019 23:00 ruddymorales1123
The total monthly payment for a home mortgage loan is affected by the property tax and insurance. this amount is around 15% of the principal plus interest payment that you calculated in the previous problem. moreover, as a rule of thumb, a family should not devote more than 28% of its gross income for home loan payments. with this information, find the amount that a family must earn to afford a $200,000 mortgage loan using the aprs of the previous problem. the table below should you in your computations.
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