Question: please answer both parts thanks !! Determine the maximum 30-year foed-rate mortgage amount for which a couple could quality the rate is 4.67 percent. Assume

Determine the maximum 30-year foed-rate mortgage amount for which a couple could quality the rate is 4.67 percent. Assume they have other debt payments totaling $461 per month and a combined an income of $72,500. Monthly escrow payments for real estate taxes and homeowner's insurance we estimated to be $176. (Assume a percent maximum of annual income for total debt and screw payments The maximum 30-year foredrate mortgage amount for which a couple could quality there is 4575 (Round to the nearest dolar) Calculate the monthly payments of a 30-year foxed-rate mortgage at 5 percent for $100,000. How much interest is paid over the life of the loan? Click on the table icon to view the MILPF table IIB The monthly payments of a 30-year fixed-rate mortgage at 5 percent for S100,000 $(Round to the nearest cont.) The amount of interest paid over the life of the loan is $ (Round to the nearest cent.)
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