Question
1151. Steve Jobs has an annual income of $300,000. Steve Jobs is looking to buy a house with monthly property taxes of $140 and monthly
1151. Steve Jobs has an annual income of $300,000. Steve Jobs is looking to buy a house with monthly property taxes of $140 and monthly homeowners insurance of $70. Steve Jobs has $178 in monthly student loan payments. Dime Bank has a maximum front end DTI limit of 28% and a maximum back end DTI limit of 36%. Given both limits, what is the most they will allow Steve Jobs to spend on a monthly mortgage payment?
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Finance For Executives Managing For Value Creation
Authors: Gabriel Hawawini, Claude Viallet
6th Edition
1473749247, 9781473749245
