Business, 23.10.2019 23:00 gervasio229

Awoman is looking to purchase her primary home in the cleveland suburbs. she has enough for a 20% down payment and an income of $70,000 per year. her fico score is 750. the prime interest rate at her bank for 30-year mortgages is 4.25%. she has a car payment of $400 per month and a student loan payment of $200 per month. the home she finds has 70 effective property tax mills and homeowner’s insurance costs $50 per month on every $100,000 of home value. how much can the woman pay for the home? how large of a mortgage will the bank allow her take out?

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