2. Would a mortgage loan with the following characteristics qualify under conventional mortgage underwriting guidelines? $420,000 Appraised Value LTV 0.8 months Mortgage Term 20 240 years 0.32% 3.85% Interest Rate per year per month $336,000 Mortgage Amount $2,010 Monthly Payment Principal and Interest $3,000 $250 Property Taxes per year per month $1,200 $100 Property Insurance per month per year $200 Utililties per month $60,000 $5,000 Gross Income Husband per year per month Gross Income Wife $60,000 $5,000 per month per year Guideline #1: PITI U