A lender requires that monthly mortgage payments be no more than 25% of gross monthly income with
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A lender requires that monthly mortgage payments be no more than 25% of gross monthly income with a maximum term of 30 years. If you can make only a 15% down payment, what is the minimum monthly income you would need in order to purchase a $400,000 house when the interest rate is 9% compounded monthly?
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Given purchase price 400000 down payment 600...View the full answer
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ABHISHEK KUMAR
I am a civil engineering graduate passed out in 2017. I have a great interst in teaching so i join some a coaching as a civil engineering faculty and along with this i started to iincrase my earning with the help of online tutoring platform chegg.com. After some time i am selected for civil engineering subject matter exoert in indoglobe ecademictube, thus cimpany is also a online tutoring platform where i have to help the student all over the in their civil engineering homework assignment and any civil engineering problem they have.I have a great experience there because i have learnt so many things and also know what is the syllabus taught in world in civil engineering filed. i almost encounter all types of problems of civil engineering.
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