Down payment and mortgage loan? Help please!

Arthur Thas applied to his bank for a 20 year mortgage loan, with payback on a monthly basis. The bank has advised him that it will lend him money based on 28% of his monthly income; he recently reported an annual income of $60,000. The bank also indicated an APR of 4.25%. The bank will be prepared to lend Arthur $ ANSWER WITH COMMAS AND TWO DECIMAL PLACES Assuming no closing costs and Arthur's down payment of $33,000, Arthur can afford to buy a home priced at $ ANSWER WITH COMMAS AND TWO DECIMAL PLACES