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6. Jim has an annual income of $240,000. Jim is looking to buy a house with monthly property taxes of $140 and monthly homeowners insurance

6. Jim has an annual income of $240,000. Jim is looking to buy a house with monthly property taxes of $140 and monthly homeowners insurance of $70. Jim has $178 in monthly student loan payments. Apple bank has a maximum front end DTI limit of 28% and a maximum back end DTI limit of 36%. Both limits must be satisfied. Apple bank is offering a fully amortizing 30 year FRM at an annual rate of 4.5%, with monthly payments, compounded monthly. What is the biggest loan Jim can get?

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