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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
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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

User Kinesh
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1 Answer

5 votes

Answer:

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

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

User SEDaradji
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