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Determine the maximum 3 0 - year fixed - rate mortgage amount for which a couple could qualify if the rate is 4 . 6

Determine the maximum30-year fixed-rate mortgage amount for which a couple could qualify if the rate is 4.66 percent. Assume they have other debt payments totaling $322 per month and a combined annual income of $51 comma 000. Monthly escrow payments for real estate taxes and homeowner's insurance are estimated to be $267.(Assume a 36 percent maximum of annual income for total debt and escrow payments.)

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