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Sophia makes 3,600 a year and is thinking about buying a home for $235,000. At what...

Sophia makes 3,600 a year and is thinking about buying a home for $235,000. At what price can she afford a mortgage if 25-40% of her gross salary is used for the mortgage? How much would she be able to afford on a total mortgage? If the house is $235,000, and she's given a check for 3% earnest money, how much would the check be made out for? To calculate the mortgage, you have the following:
$235,000 sales price of the house
$1,000 for a down payment
$0 for financed amount
How would the Principal, Interest, Property Taxes, Homeowners Insurance, and Closing Costs be calculated?
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