What is michelles affordable home purchase price

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Reference no: EM131185018

Michelle Duncan wants to know her affordable home purchase price. Her annual gross income is $44,400. She has $680 per month of other debt and expects her property taxes and homeowners insurance to cost $230 per month. She knows she can get a 9.50%, 30-year mortgage so that her mortgage payment factor is $8.41. She expects to make a 25% down payment. What is Michelle's affordable home purchase price?

Reference no: EM131185018

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What is michelles affordable home purchase price : Michelle Duncan wants to know her affordable home purchase price. Her annual gross income is $44,400. She has $680 per month of other debt and expects her property taxes and homeowners insurance to cost $230 per month. She knows she can get a 9.50%, ..

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