What are his resulting monthly mortgage payments

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Reference no: EM131985263

Mortgage Affordability. Paul will be able to save $213 per month (which can be used for mortgage payments) for the indefinite future. If Paul finances the remaining cost of a $74.000 home, after making a $14.800 down payment, (amount to finance $59.200) at a rate of 6% over 30 years, what are his resulting monthly mortgage payments? Can he afford the mortgage?

Reference no: EM131985263

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