Dorothy and matt are ready to purchase their first home. their current monthly cash inflows are $4900, and their current cash outflow is $3650. their rent makes up $650 of their cash flows. they would like to put 10% of their cash inflows into savings and put another $200 into their checking account for emergencies. how much of a mortgage payment can they manage under these conditions.

Respuesta :

Current monthly cash inflows = $4,900

Current monthly cash outflows = $3,650.

Monthly Rent = $650

Monthly savings = 10% of their cash inflows = 10%...