Most closely matches his affordable monthly payment

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Tom is a college student whose income goes towards paying shockingly-high tuition at College Degree University. Tom has $500 per month to spend on housing and would like to purchase a home on a 30-year loan to build equity. He finds a mortgage rate of 4.1% APR. Which of the following home listing prices most closely matches his affordable monthly payment?

Reference no: EM132030977

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