Amount that you can afford to borrow = $1,905,726.83
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You want to buy a house that costs 12.040,022, but you can afford to pay ona...
You want to buy a house that costs $1,609,009, but all you can afford to pay on a weekly mortgage for the house is $2,509.86 per week over 13 years. The bank quoted you are mortgage rate of 2.12%. How much can you actually afford to borrow?
You would like to buy a house that costs $ 350 comma 000. You have $ 50 comma 000 in cash that you can put down on the house, but you need to borrow the rest of the purchase price. The bank is offering a 30-year mortgage that requires annual payments and has an interest rate of 7 % per year. You can afford to pay only $ 23 comma 500 per year. The bank agrees to allow you to...
You would like to buy a house that costs $350,000. You have $50,000 in cash that you can put down on the house, but you need to borrow the rest of the purchase price. The bank is offering you a 30-year mortgage that requires annual payments and has an interest rate of 8% per year. You can afford to pay only $25,580 per year. The bank agrees to allow you to pay this amount each year, yet still borrow $300,000....
2. You want to buy a house. You can make an initial payment of $200,000 and can afford monthly payment of $1,800. If the APR of the mortgage loan is 4.8% and you finance the purchase over 30 years (360 months), what is the maximum price you can pay for the house?
Suppose you want to buy a house today that costs $479,312. The bank requires you to make a 20% down payment, but you can borrow the rest. If you are charged 5.81% APR and the mortgage is for 30 years, what is your monthly payment?
Suppose you want to buy a house today that costs $400,035. The bank requires you to make a 20% down payment, but you can borrow the rest. If you are charged 5.01% APR and the mortgage is for 30 years, what is your monthly payment?
Question 8 10 pts 8) You want to buy a house and can pay a 564,000 down payment and a mortcake payment of $1.800 each month. Thirty year mortgage loans are available for 9% per year. What is the most expensive house you can buy? 3 IVA -A- IEE 3 1 . x , EE - ² x G T To 12pt. - Paragraph - MacBook Pro
P 4-35 (similar to) Question Help You are thinking of purchasing a house. The house costs $200,000. You have $29,000 in cash that you can use as a down payment on the house, but you need to borrow the rest of the purchase price. The bank is offering a 30-year mortgage that requires annual payments and has an interest rate of 7% per year. What will be your annual payment if you sign this mortgage? The annual payment is (Round...
George and Barbara want to buy a house, they have combined incomes of $150,000 annually. Property taxes on their new home will be about $3,600 annually and homeowner’s insurance will be about $1,800. How much can they afford to borrow with a 4.0% fifteen-year mortgage if their lender requires a front-end ratio of 28%?
Suppose you want to buy a car today. If you can afford payments of $493 per month and want to pay the loan back over the next 7 years. Assuming no down payment is required, how much can you borrow if the bank will charge you an annual percentage rate of 3% APR? (Work out the problem on separate sheet of paper before entering the answer.) Answer: Check Suppose you racked up $33317 of student loan and the interest is...