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Estimate the affordable monthly mortgage payment

Problem: Estimate the affordable monthly mortgage payment, the affordable mortgage amount, and the affordable home purchase price for the following situation:

Monthly gross income $2,950
Down payment to be made- 15% of purchase price
Other debt(monthly payment) $160
Monthly estimate for property taxes and insurance $210
30 year loan at 8%

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Finance Basics: Estimate the affordable monthly mortgage payment

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Finance Basics: Estimate the affordable monthly mortgage payment

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