19. Mr. Assan makes $11,345/month. He is applying for a mortgage that requires at most 28% front end PTI and 36% back-end PTI. His other debt obligations are estimated to be around $1,300/month. What is the maximum qualified mortgage payment that Mr. Assan can have?

27. Alla is cosidering refinancing her mortgage. She currently has 180 payments of $2,300 left on her fully amortizing loan. The bank is offering Alla a new fully amortizing mortgage for 15 years (also 180 payments) at a lower interest rate so that her monthly payments will be $2,045. The costs of refinancing are $24,000. What is the Alla's IRR for this refinancing option if she intends to stay in the house until the mortgage matures? State your answer as a percent number rounded to two decimal points (e.g. if your answer is 10.466%, write 10.47) Hint: don't forget to multiply your monthly rate by 12 and format your answer to get two decimal points.