The Adeeva s gross monthly income is 7600 They have 18

Last updated: 1/24/2024

The Adeeva s gross monthly income is 7600 They have 18 remaining payments of 390 on a new car They are applying for a 20 year 167 000 mortgage at 7 0 The taxes and insurance on the house are 490 per month The bank will only approve a loan that has a total monthly mortgage payment of principal interest property taxes and homeowners insurance that is less than or equal to 28 of their adjusted monthly income Click here for table of Monthly Payments a Determine 28 of the Adeeva s adjusted monthly income 2018 8 Round to the nearest cent b Determine the Adeeva s total monthly mortgage payment including principal interest taxes and homeowners insurance Round to the nearest cent