Jennifer makes $$100,000$ per year gross and she wants to buy a $$400,000$ house with an $$80,000$ down payment and a mortgage of $$320,000.$

She expects to have annual property taxes and insurance expenses of $$7,800.$

Assuming she obtains a $30-$year mortgage, what is the highest interest rate she can afford in order to meet the basic housing ratio?

$5\mathrm{.}4\%$

$5\mathrm{.}28\%$

$4\mathrm{.}82\%$

$3\mathrm{.}55\%$

No answer text provided.