Question: Suppose you have saved up $5,000 for the down payment toward a house you are about to buy. After months of search, you find a

Suppose you have saved up $5,000 for the down payment toward a house you are about to buy. After months of search, you find a house that like and it is priced at $150,000. The house is appraised at $155.000. You find a bank which is willing to loan you the money for 30 years with fixed interest rate of 4% APR and it has a Loan to-Value requirement of 85%Assuming, you have a good credit standing, what is the highest loan you'll qualify for this house?

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