Mathematics, 04.08.2020 14:01 edwinn55526
Michelle Duncan wants to know what price home she can afford. Her annual gross income is $45,000. She owes $790 per month on other debts and expects her property taxes and homeowners insurance to cost $340 per month. She knows she can get an 10.00%, 30-year mortgage so her mortgage payment factor is 8.78. She expects to make a 20% down payment. What is Michelle's affordable home purchase price? (Round your answer to the nearest dollar amount.)
Group of answer choices
$43,870
$635
$655
$41,999
$39,784
Answers: 3
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Michelle Duncan wants to know what price home she can afford. Her annual gross income is $45,000. Sh...
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