A man is looking to purchase a home in the Cleveland Suburbs. He has enough for a 20% down payment and an income of $120,000 per year. His FICO Score is 780. The prime Interest Rate for 30-year Mortgages at 3.875%. He has a car payment of $400 per month and a Student Loan Payment of $200 per month. The home he finds has 70 Effective Property Tax Mills and Homeowners Insurance Costs $50 per month on every $100,000 of Home Value. How much can the man pay for the home? How large of a mortgage will the bank allow him take out?