FIN110 unit 5 assignment. Please its due asap and itsabout kim and dan consideri

FIN110 unit 5 assignment. Please its due asap and itsabout kim and dan considering a home in d.c. $ 280000. Estimateutilities $220maintenance $100 property taxes $380 homeinsurance $50 car loan $350.Kims gross $50000 year dan is$35000 year. They have saved $60000 in a money market fund. They$5840 last year. 20% down payment and closing cost.Lender offering30 year variable rate intial interest 7% 20% down payment $5400.Estimate the affordable mortgage and the affordable purchase pricefor the Bergholts.Rental option $1400 month utilities $220 renterinsurance $25 month earn annual rate 4% on money market fund.Federal statelocal taxes 55% marginal dollar. Rent or purchase ahome.(contract interest 8% monthly) interest payments over 5 yearperiod $87574 and alternate if move in one year $17852