Sky has saved up $ for a downpayment on her first home. She expects property taxes to be $ per month, insurance to be $ per month, and PMI to be $ per month. She has been approved for a interest rate on a year fixed mortgage.

 

If Sky wants to keep her monthly payment at or below $ per month what is the most expensive house she can purchase? Round DOWN to the nearest $Hint: every time you put in a new price you will need to reenter the downpayment and property tax amounts

Answer rating: 100% (QA)

To find the most expensive house Sky can purchase while keeping her monthly payment at or below 1600 ... View the full answer