Jackson's monthly gross income is $5,500, and currently he pays $500 per month for his car loan. Jackson is planning to buy a new home with mortgage. The bank tells him that, to qualify for the best 30 -year mortgage interest rate of 686 , his monthly mortgage payment must not exceed 28% of his gross income, and his total debt-to-income ratio must not be higher than 33%. Refer to Case 3 above. According to the bank's rule, to qualify for the best interest rate, Jackson's monthly mortgage payment must not exceed 5 1.040 1.540 1.815 1,315 Jackson's monthly gross income is $5,500, and currently he pays $500 per month for his car loan. Jackson is planning to buy a new home with mortgage. The bank tells him that, to qualify for the best 30 -year mortgage interest rate of 6%, his monthly mortgage payment must not exceed 28% of his gross income, and his total debt-to-income ratio must not be higher than 33%. Refer to Case 3 above. According to the bank's rule, to qualify for the best interest rate, Jackson's monthly mortgage payment must not exceed $ 1.040 1.540 1.815 1.915 Jackson's monthly gross income is $5,500, and currently he pays $500 per month for his car loan. Jackson is planning to buy a new home with mortgage. The bank tells him that, to qualify for the best 30 -year mortgage interest rate of 686 , his monthly mortgage payment must not exceed 28% of his gross income, and his total debt-to-income ratio must not be higher than 33%. Refer to Case 3 above. According to the bank's rule, to qualify for the best interest rate, Jackson's monthly mortgage payment must not exceed 5 1.040 1.540 1.815 1,315 Jackson's monthly gross income is $5,500, and currently he pays $500 per month for his car loan. Jackson is planning to buy a new home with mortgage. The bank tells him that, to qualify for the best 30 -year mortgage interest rate of 6%, his monthly mortgage payment must not exceed 28% of his gross income, and his total debt-to-income ratio must not be higher than 33%. Refer to Case 3 above. According to the bank's rule, to qualify for the best interest rate, Jackson's monthly mortgage payment must not exceed $ 1.040 1.540 1.815 1.915