1) The Total Expense Ratio states that a mortgage payment should be less than

(36% of borrower's monthly gross income)-(monthly hosing expenses)-(monthly loan payments)

Bryan and his wife, Jane both work and have a combined gross income of $85,552 per year.They estimate the property taxes on their condo will be $1,379 and insurance should be about $939 per year.Bryan takes the bus to work, but Jane has a car payment of $159 per month, and they are both still paying off student loans for a combined total of $981 per month.

Find out how much of a monthly mortgage payment Bryan and Jane can afford.

Round your answer to the nearest cent.

2) The Total Expense Ratio states that a mortgage payment should be less than

(36% of borrower's monthly gross income)-(monthly hosing expenses)-(monthly loan payments)

Bryan and his wife, Jane both work and have a combined gross income of $92,979 per year.They estimate the property taxes on their condo will be $1,075 and insurance should be about $1,017 per year.Bryan takes the bus to work, but Jane has a car payment of $203 per month, and they are both still paying off student loans for a combined total of $757 per month.

Find out how much of a monthly mortgage payment Bryan and Jane can afford.

Round your answer to the nearest cent.

3)If Bryan and his wife, Jane, can afford $915 a month for a monthly mortgage payment, how much money would they be able to borrow for a 30-year fixed mortgage if the APR is 3%.

Round your answer to the nearest cent.

4)Bryan and his wife, Jane, can afford $1,527 a month for a monthly mortgage payment.

How much money would they be able to borrow for a 30-year fixed mortgage if the APR is 4.7%.

How much money would they make in payments over the life-time of the mortgage?

Round your answer to the nearest cent.

5)Bryan and his wife, Jane, can afford $687 a month for a monthly mortgage payment.

How much money would they be able to borrow for a 30-year fixed mortgage if the APR is 4.8%.

How much money would they make in payments over the life-time of the mortgage?

How much money would they pay in interest over the life-time of the mortgage if they borrowed as much money as they could on the mortgage?

Round your answer to the nearest cent.