Alex and Alicia have a combined gross monthly income of $5,100. The have found their dream home and have agreed to a selling price of $176,500. The closing costs are $4,100. Alex and Alicia have saved
$20,000 to use as a down payment. The best interest rate they have been able to find is 7.5%.
What amount would need to be mortgaged?
$160600
$176500
$180600
O $156500