Question

Victor+earns+a+gross+annual+income+of+$84,482+and+is+buying+a+home+for+$185,500. +he+is+making+a+15%+down+payment+and+financing+the+rest+with+a+25-year+loan+at+4. 25%+interest

Answer 1

185,500 -.15(185,500)=157,675

Yes he can afford it, it doesn't go over his income and it's %27 below.