Assume that a bank has a TDS requirement of 0.42.

If heat costs $250/month, property taxes are at $100/month, and you have an outstanding car loan of $450/month, what is the maximum mortgage amount you could afford, assuming a 3.2% compounded semi-annually and an amortization period of 25 years if you have a monthly income of $6000.

(my answer of $259,228.60 was incorrect) Thank you