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Danny wants to buy a house. He saved up $50,000 for the down payment. He can get a
mortgage for 30 years at 4.59 interest rate. What is the value of the most expensive home
he can purchase given that he can afford a monthly payment of no more than $1,200.
(You can use an online mortgage calculator, and you do not need to show the work.)​

Respuesta :

longantone

Answer:

your down payment be at least 5% of the purchase price. If your down payment is at least 20% of the property price, you typically won't have to pay for private mortgage insurance (PMI), which is required by some loan types.

Step-by-step explanation:

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