I need help with my FIN110 unit 5 assignment. Please its due asap and its about kim and dan considering a home in d.c. $ 280,000. Estimate utilities $220,maintenance $100, property taxes $380, home insurance $50, car loan $350.Kim’s gross $50,000 year dan is $35,000 year. They have saved $60,000 in a money market fund. They $5,840 last year. 20% down payment and closing cost.Lender offering 30 year variable rate intial interest 7% 20% down payment $5,400. Estimate the affordable mortgage and the affordable purchase price for the Bergholts.Rental option $1400 month utilities $220 renter insurance $25 month earn annual rate 4% on money market fund. Federal, state,local taxes 55% marginal dollar. Rent or purchase a home.(contract interest 8% monthly) interest payments over 5 year period $87,574 and alternate if move in one year $17,852
