In: Finance
Monthly mortgage payment = $ 71,000 1 - [ 1 + ( 0.065/12) ] -180 ( 0.065/12)
Monthly mortgage payment = $ 618.49
Taxes and insurance = $ 290
Adjusted monthly gross income = $ 4300 - $ 360 - $ 618.49 - $ 290
Adjusted monthly gross income = $ 3,031.51