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Ben a prospective buyer, wants to purchase a house. His gross monthly income is $6,500. Assuming no debts and if the lender uses a strict

Ben a prospective buyer, wants to purchase a house. His gross monthly income is $6,500. Assuming no debts and if the lender uses a strict rule of thumb method, what is the maximum monthly PITI payment that Ben can afford?

Please explain how you got the answer. The answer is $1,820, but I dont know how the answer was gotten to.

a. $1,635

b. $1,775

c. $1,820

D. $2,340

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