Question

Suppose you take a 15-year mortgage for a house that costs $296912. Assume the following: The annual interest rate on the mortgage is 4.5%. . The bank requires a minimum down payment of 8% of the cost of the house. . The annual property tax is 1.1% of the cost of the house. The annual homeowner's insurance is $580. The monthly PMI is $82. If you make the minimum down payment, what is the minimum gross monthly salary you must earn in order to satisfy the 28% rule? Round your answer to the nearest dollar. D Question5 1 pts Suppose you take a 10-year mortgage for a house that costs $284394. Assume the following: . The annual interest rate on the mortgage is 3.8%. . The bank requires a minimum down payment of 14% of the cost of the house. · The annual property tax is 1.5% of the cost of the house. The annual homeowner's insurance is $809 The monthly PMI is $92. Your other long-term debts require payments of $1543 per month If you make the minimum down payment, what is the minimum gross monthly salary you must earn in order to satisfy the 36% rule? Round your answer to the nearest dollar.

Please try not to answer if you are not going to answer both so that I can give my rating to someone else! Thank you!!!

Answer 1

Pose ( 牛2969 n._ Rs. 2,01,99 이6/-. 4S1 Hin. DP s 23 752,96 PH is 82. プ阜204896,GI loo 416

.

6人 6,9so, 9006 28 AT

.

2 AloR9づれ.6807.hrt. B