Given that Jack Stone has the following income, down payment and (expected) expenses/debt commitments, calculate the monthly total mortgage principal and interest (PI) payment he can make using the TDS and GDS methods, and determine the total affordable home price in his situation using the Mortgage Payment Factors table provided below.

Annual Salary	69,000.00
Car loan pmt per month	275.00
Credit cards monthly min. payment	180.00
Estimated Property Taxes	250.00
Estimated Heating Costs	220.00
Down payment	20%
Desired amortization period	20 years

Mortgage payment Factors (principal and interest payment per $1,000 of loan amount)
	Number of Years
Rate	25	20	15
2.50%	$4.50	$5.31	$6.68
2.75%	$4.62	$5.43	$6.79
3.00%	$4.74	$5.55	$6.91
3.25%	$4.87	$5.67	$7.02
3.50%	$5.00	$5.79	$7.14
3.75%	$5.12	$5.91	$7.26
4.00%	$5.26	$6.04	$7.38
4.25%	$5.39	$6.17	$7.50
4.50%	$5.59	$6.36	$7.68
4.75%	$5.73	$6.49	$7.80
5.00%	$5.87	$6.62	$7.93

PI based on TDS	Answer 1Choose...$1,370$323,682$1,320other value (not listed)$222,853$178,282$1,375$290,821$253,223$273,810$1,555
PI based on GDS	Answer 2Choose...$1,370$323,682$1,320other value (not listed)$222,853$178,282$1,375$290,821$253,223$273,810$1,555
House he can afford w/ 2.5% interest rate (TDS)	Answer 3Choose...$1,370$323,682$1,320other value (not listed)$222,853$178,282$1,375$290,821$253,223$273,810$1,555
House he can afford w/ 3.75% interest rate (TDS)	Answer 4Choose...$1,370$323,682$1,320other value (not listed)$222,853$178,282$1,375$290,821$253,223$273,810$1,555