Kimberly is looking to buy a home in California. The most he can afford to pay...

Kimberly is looking to buy a home in California. The most he can afford to pay in total is $2,000 per month. Yearly property taxes will be about $3,600 (escrowed monthly) and insurance is $120 per month. There are no other costs. If his parents give him $20,000 for a down payment, what is the most he can pay for a house with a 15-year mortgage if the interest rate is 5.60 percent?

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jeff jeffy answered 6 months ago

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