A young couple has saved up $15,000 for a down payment on a home. They are currently paying 2,000 per month to rent a condo. The couple is pre-approved for a 20-year mortgage at 11%, and their realtor estimates that they will need to set aside $3,900 for taxes and other costs at the time of sale. Part 1 (a) What is the price of the most expensive home they can buy without raising their monthly housing payment? The maximum price of a home the couple can afford is $204863.08 Part 2 ) If the couple instead opts for a 15-year mortgage at 6.9%, how much is the most expensive home they can buy? Under this option, the maximum price of a home the couple can afford is $235002.29 Part 3 (e) If the couple were to borrow the maximum amount you found in parts (a) and (b), how much more would they pay in interest with the 20-year mortgage? The couple will pay $150139.21 more in interest using the 20-year mortgage. Part 4 out of 4 (d) If the couple decides that they can afford to go up to S2,100 per month, how much more carn they afford to spend on a home for each loan option? By increasing their monthly payment to $2,100 per month, the couple can afford to spend more on a house with the 20-year mortgage and si more on a house with the 15-year mortgage