Shakeia Duncan wants to know what home price she can afford. Her annual gross income is $46,200. She owes $840 per month on other debts and expects her property taxes and homeowner's insurance to cost $160 per month. She knows she can get an 10.50 percent, 30-year mortgage so her mortgage payment factor is 9.15. She expects to make a 15 percent down payment. What is Shakeia's affordable home purchase price?

Shakeia Duncan wants to know what home price she can afford. Her annual gross income is $46,200. She owes $840 per month on other debts and expects her property taxes and homeowner's insurance to cost $160 per month. She knows she can get an 10.50 percent, 30-year mortgage so her mortgage payment factor is 9.15. She expects to make a 15 percent down payment. What is Shakeia's affordable home purchase price?