12. Suppose your total gross income per month is $5,000/month. Assuming that property taxes, homeowner's insurance and mortgage insurance payment total of 200/month. In addition, you have car and student loan payments that total $300 a month. If 30 year fixed rate mortgages, have a current annual percentage rate of 4.5%. How much do you qualify to borrow based on the performance to income ratios given you have enough money to pay 20% down payment. 12. Suppose your total gross income per month is $5,000/month. Assuming that property taxes, homeowner's insurance and mortgage insurance payment total of 200/month. In addition, you have car and student loan payments that total $300 a month. If 30 year fixed rate mortgages, have a current annual percentage rate of 4.5%. How much do you qualify to borrow based on the performance to income ratios given you have enough money to pay 20% down payment