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Chalk Talker reports a gross annual household income of $62,000. Determine the maximum home price for this household using a back ratio of 43%. The

Chalk Talker reports a gross annual household income of $62,000. Determine the maximum home price for this household using a back ratio of 43%. The household has other debt obligations of $640 per month. 30-year mortgage rates are at 6%, the maximum LTV is .96, and property taxes are 1.2% of property value annually.

A. $185,461 B. $260,277 C. $214,000 D. $226,300

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