If you want to purchase a home. You have $25,000 to put down. All you can afford is $1500.00 per month and you do not want to finance for more than…

  1. If you want to purchase a home. You have $25,000 to put down. All you can afford is $1500.00 per month and you do not want to finance for more than 15 years @ 4.5%. Your taxes will be $85.00 per month and insurance $60.00 a month. What is the amount you can pay for your home? (Show all your work)