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 telis him that, to qualify for the best 30 -vear mortgage interest rate of 65 , 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 1.5+0 1.815 1.715 Question 22 0.5 pts Refer to Case 3. With the banks best interest rate 6% for a 30-vear mortgage, the maximum amount of principal that Jackson can borrow from the bank is closest to 5 . Note: use the answer you got in the previous question as the monthly payment. 167,553 35: ing 219,331 1976790 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 telis him that, to qualify for the best 30 -vear mortgage interest rate of 65 , 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 1.5+0 1.815 1.715 Question 22 0.5 pts Refer to Case 3. With the banks best interest rate 6% for a 30-vear mortgage, the maximum amount of principal that Jackson can borrow from the bank is closest to 5 . Note: use the answer you got in the previous question as the monthly payment. 167,553 35: ing 219,331 1976790