Hello,

Can you help with the below?

15. Estimating a Monthly Mortgage Payment: Estimate the affordable monthly mortgage payment, the affordable mortgage amount, and the affordable home purchase price for the following situation:

Monthly gross income, $2,950 Down payment to be made, 15 percent of purchase price Other debt (monthly payment), $160 Monthly estimate for property taxes and insurance, $210 25-year loan at 6.5 percent.

A: NOTE: This problem is based on example A (with other debts), Exhibit 7-7.

A: Affordable monthly mortgage payment,

A: Affordable mortgage amount,

A: Affordable home purchase,