Question: Use the provided information and the table below to calculate the affordable mortgage amount that would be sugg institution based on Jamie Lee and Ross's

Use the provided information and the table below to calculate the affordable mortgage amount that would be sugg institution based on Jamie Lee and Ross's income. You will need to make note of the purchase price (above) of the questions. Use the following for Jamie Lee and Ross's calculations: . 10% down payment . $450 per month for estimated combined property taxes and insurance . 4% interest rate for 30 years . Refer to Exhibit 9-9 for current mortgage rates Current Financial Situation Assets (Jamie Lee and Ross Income : combined) : Checking account $5, 100 Gross income (Jamie Lee) $53, 000 Net income after taxes (Jamie $37 109

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