Suppose you want to purchase a house. Your take-home pay is $3120 per month, and you wish to staywithin the recommended guidelines for mortgage amounts by only spending 14of your take-home payon a house payment. You have $16,300 saved for a down payment and you can get an APR from yourbank of 4.3%, compounded monthly. What is the total cost of a house you could afford with a 30-yearmortgage? Round your answer to the nearest cent, if necessary.