$.$ A borrower is applying for a Conventional residential loan. A lender will make the loan under

the following conditions.

A$.$ Monthly P&I payment is $$1,675.$

B$.$ Annual property taxes are $$4,200$

C$.$ Annual property insurance is $$1,800$

Using the FNMA Conforming Conventional loan ratios, what monthly gross income is required

for the borrower to qualify for the loan?