Continuing Case 43 . Housing Affordability Five years have passed and Jamie Lee, 34 , is considering taking the plunge not only is she engaged to be married, but she is also deciding on whether to purchase a new home Jamie Lee's cupcake cafe is a success/ it has been open for over a year now and has earned itself rave reviews in the local press and from its regular customers who just cannot get enough of her delicious varleties of cupcakes. One such customer, who stopped by on a whim in the cals first week of business, is Ross. After a whirlwind courtship, Ros5, a self.employed web designer, proposed, and Jamie lee agreed to be his wife The bungalow that Jamie Lee has been renting for the past five years is too small for the soon-to be newhyeds, so Jamie Lee and Ross have purchased a brand new three-bedroom. 2 \% bath home in a quiet neighborhood for $282,000 Use the provided information and the fable below to cakculate the affordable mortgage amount that would be suggested by a lending institution based on Jamie Lee and Ross's income. You will need to make note of the purchase price (above) of their home for future questions Use the following for Jamie Leerand Ross's calculotions: - 10\%i down payment - \$500 per month for estimated combined property taves and insurance - 5% interest rate for 30 years - Refer to Evhbitg-sa for current mortgage rates