Mortgage Affordability. Paul will be able to save $$343$ per month $($which can be used for mortgage payments$)$ for the indefinite future. If Paul finances the remaining cost of a $$94,000$ home, after making a $$18,800$ down payment, $($amount to finance $$75,200)$ at a rate of $5\%$ over $30$ years, what are his resulting monthly mortgage payments? Can he afford the mortgage?

Paul's resulting monthly mortgage payment is $($Use your financial calculator and round to the nearest cent.$)$

Can he afford the mortgage? $($Select the best answer below.$)$

A$.$ Yes, Paul will have enough from his monthly savings amount to cover his mortgage payment.

B$.$ No$,$ Paul will not have enough from his monthly savings amount to cover his mortgage payment.