Eli is buying a townhouse that costs $276,650. He has $28,000 in savings and earns $4,475 a month. Eli would like to spend no more than 30% of his income on his mortgage payment. Which loan option would you recommend to Ell?
a 30 year FHA, 3.596 down at a fixed rate of 6.596
b. 30 year fixed, 5% down at a fixed rate of 6.25%
C 30 year fixed, 6.5% down at a fixed rate of 5.75%
d. 30 year fixed, 10% down at a fixed rate of 596

THE ANSWER IS D!!! EDGE2020