Bob and Mary are applying for a new home loan. Their income is as follows: Bob: Retired, SSI $2500 per month Company pension $1223 per month (taxed) Mary: Employee at Ford, gross monthly income $4789 per month Their monthly debt expense is $690 for credit cards and car payments. 5. What is the maximum house payment they can afford? (Hint: consider both the housing ratio and total debt to income)