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Homework: Section 4.D Question 16, 4.D.49 Part 1 of 2 > HW Score: 77.16%, 12.35 of 16 points O Points: 0 of 1 Save You can afford monthly payments of $800. If current mortgage rates are 3.82% for a 30-year fixed rate loan, how much can you afford to borrow? If you are required to make a 20% down payment and you have the cash on hand to do it, how expensive a home can you afford? (Hint: You will need to solve the loan payment formula for P.) How much can you afford to borrow? $ 171272 (Round to the nearest dollar as needed.)