At the end of 2012, Prof. Finance was looking to buy a house and had $60,000 as a down payment and felt comfortable with a maximum monthly mortgage payment of $1000 on a 30-year fixed rate mortgage. The APR on a 30-year fixed rate mortgage was 3.25% (compounded monthly). Now, 30-year fixed rate mortgages are 4.5% APR. How much less house can Prof. Finance afford now vs. the end of 2012 based on the given mortgage rates assuming the same down payment?