Your clect wants to know how much they will be able to spend on a house. They hime an annual income of $120,000, and they have saved up $30,000, the remainder of which they wit spend on the house purchase nfter coveing closing costs. The local bank is effering a 30 -yest fired rate mongage at an annual interest rate of 6.95. Closing costs wit be 55 of the loon amourt, and the bank will not give them a losn in which the monthiy payments exceed 285 of their monthy income. What is the maximum ameunt they can afford to poy for the house? Mutiole Croice $425,1443 5395,27670 5455,14416 $463,886,95 Your client wants to kisow how macti they wil be able to spend on a hovse. They have an annuni income of $120.000, and they have saved up 530.000, the reminider of which they with spend on the house purchase affer covering closing costs. The local bank is olleting a 30 year fived rate mongage at an annual interest rale of 6.97. Closing coits wit be 5% of the loan omount and the bank will not give them a lasn in which the monthly poyments exceed 28% of their monthly income. What is the maximum amount they can atford to pay for the heuse? Milipis Choite $2251444 1433.846.95 539527650 5055,74476 $467.896.95