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Leonard can afford a $1120 monthly mortgage payment. If the current mortgage rates are 4.6% and he wants a 30-year mortgage, what is the maximum amount he can afford to borrow? O O O O A. $402,921 B. $376,
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5 votes
Leonard can afford a $1120 monthly mortgage payment. If the current

mortgage rates are 4.6% and he wants a 30-year mortgage, what is the
maximum amount he can afford to borrow?
O
O
O
O
A. $402,921
B. $376,549
c. $400,423
D. $218,475
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User Nicolas Hauzaree
by
8.7k points

1 Answer

3 votes

Answer:

$218,475

Explanation:

User Jacob Anderson
by
8.3k points
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