Task 4 Lily makes a net annual income of
$52,500 and has saved enough
money for a 20% down payment on
a $230,000 house. She estimates her
mortgage will be $1,200 per month.
Can she afford this mortgage?
Эври
>
gifts &
Νοε δυσπου
entertainment
12%
clothes 5% Sponding Guidelines
% of not incomes)
savings
10%
1: What is Lily's net monthly income
2: How much is her down payment
3: Not considering the down payment, is a
$1,200 monthly mortgage payment within
the Spending Guideline for housing?
transportation
11%
food 20%
1: What is Lily's net monthly income?