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Roger can afford a $1200 monthly mortgage payment. If the current mortgage rates are 5% and he wants a 30-year mortgage, what is the maximum amount he can afford to borrow
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4 votes
Roger can afford a $1200 monthly mortgage payment. If the current mortgage rates are 5% and he wants a 30-year mortgage, what is the maximum amount he can afford to borrow

User Hamed Nazaktabar
by
8.2k points

2 Answers

5 votes

Answer:

APEX $223,537

User Sid Go
by
8.0k points
3 votes

Answer:

I’m gonna say it’s $223,537

Explanation:


User Matt Shepherd
by
7.8k points
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