Question
1224. Elon Musk has an annual income of $300,000. Elon is looking to buy a house with monthly property taxes of $140 and monthly homeowners
1224. Elon Musk has an annual income of $300,000. Elon is looking to buy a house with monthly property taxes of $140 and monthly homeowners insurance of $70. Elon has $178 in monthly student loan payments. Signature Bank has a maximum back end DTI limit of 36%. Using only the back end DTI constraint, what is the most they will allow Elon to spend on a monthly mortgage payment?
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Finance For Executives Managing For Value Creation
Authors: Gabriel Hawawini, Claude Viallet
2nd Edition
0324117752, 9780324117752
