What is the most expensive house elwood

Reference no: EM13488644

Elwood wishes to purchase a home. she has saved up $ 13200 for a down payment. based on her earnings, she qualifies for a thirty-year mortgage with level monthly payments of $820 including escrow and nominal interest rate convertible monthly of 5.85%. her payments are due at end of each month. from each payment, $240 will be put aside in an escrow account for the payment of taxes and homeowners insurance. what is the most expensive house Elwood can buy if her aunt has promised to give her the money needed for loan applications, incspections, and all other required buyer's closing costs?

Reference no: EM13488644

Questions Cloud

Checklist for critiquing a research report : Checklist for Critiquing a Research Report

What was the decibel level on rodriguez island : One of the loudest sounds in recent history was that made by the explosion of Krakatoa on August 26-27, 1883. what was the decibel level on Rodriguez Island

Discussion on how attitudes are formed and influenced : Write a 500- to 750-word discussion on how attitudes are formed and influenced. Describe how individual and group behaviors are affected by society. Explain the three main components of attitudes and how they are affected through persuasion, c..

The mean selling time of a detached : The mean selling time of a detached

What is the most expensive house elwood : What is the most expensive house Elwood

Utilize the concepts of essay writing : Write a 500 word essay outlining your earliest childhood memory. Be detailed and explain the events events surrounding the memory and why you remember it. 2. Utilize the concepts of essay writing; subject/verb agreement, spelling, etc.

How to formulate supporting questions : How to Formulate Supporting Questions

Evaluate the amount of of2 that is produced : Using the given standard reduction potential, calculate the amount of OF2 that is produced, and the electrode at which the OF2 is produced, upon the passage of 0.480 faradays through an aqueous KF solution.

Complete all required journal entries for each of long-term : Complete all required journal entries for each of the long-term activities, which took place during 20x7. Remember to account for the appropriate depreciation expense for the year on any of the long-term assets.

User Account

All Pages