Business, 18.04.2020 00:22, ljohnson135

Suppose a single woman whose annual income is $84,000 also has $120,000 in student loan debt payable on the 20-year plan at 5% per year with monthly payments of $791.95. She also makes a car payment of $350 per month and total credit card payments of $175 per month. Interest rates are at 4% for a 30 year LPM (factor = .006321), lenders require a down payment of 5%, PMI costs .78% of the OLB. Insurance and taxes amount to 3.2% of the home value annually. Using a front ratio of 28%, he can afford a home priced at:.

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Suppose a single woman whose annual income is $84,000 also has $120,000 in student loan debt payable...