Pre Calc Finance Project Hour Six
Scenario One- Maiya Focht
Based on the present value equation to the right, I was able to determine that I can afford a house that is priced at $236,662.83. This was after factoring in a monthly car loan of $450.02, rough monthly budget of $1160, and net monthly income of $2916.67. This also means that I would be able to afford a house with a minimum monthly payment of up to $1306.64 after mortgage has been approved.
Factors of monthly budget
car insurance- $60
natural gas (utilities)- $150