natnat42 natnat42

30-04-2021
Mathematics

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PLEASE HELP If the most you can afford for a monthly house payment is $1200, at what price should you search for a home if you plan to finance the house at 6.8% interest for 30 years?

Respuesta :

30-04-2021

Answer:

Recommended Minimum Income

$68,684

To afford monthly payments of $2,175 per month, we recommend household income of $68,684 or greater.

Recommended Savings

$27,462

Minimum Down Payment $19,900

Closing Costs $7,562

Step-by-step explanation:

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