Question: 1. Estimate the affordable monthly mortgage payment, the affordable mortgage amount, and the affordable home purchase price for the following situation.
![1641_MGI.png](https://secure.tutorsglobe.com/CMSImages/1641_MGI.png)
2. Based on Exhibit, what would be the monthly mortgage payments for each of the following situations?
a. A $160,000,15-year loan at 6.5 percent.
b. A $215,000, 30-year loan at 5 percent.
c. A $190,000, 20-year loan at 6 percent.
![833_7-7.png](https://secure.tutorsglobe.com/CMSImages/833_7-7.png)