Financial Literacy Homework, please help?

S

Sam

New member
Estimate the four components for a house purchased for $260,000 on a first time home buyer program. Assume 2,000 in closing costs.
PI:
T:
I:

Also, calculate the maximum mortgage payment for a couple who earns $48,000 a year:

Now assume the couple has $500 in monthly installment payments & calculate their max. mortgage payment.

Please and thanks(:
 
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