Michelle Duncan wants to know what price home she can afford. Her annual gross income is $49,800. She owes $660 per month on other debts and expects her property taxes and homeowners insurance to cost $190 per month. She knows she can get an 11.00%, 30-year mortgage so her mortgage payment factor is 9.52. She expects to make a 20% down payment. What is Michelle's affordable home purchase price? (Round your answer to the nearest dollar amount.)
