Question
Jim has an annual income of $185,000. Jim is looking to buy a house with monthly property taxes of $140 and monthly homeowners insurance of
Jim has an annual income of $185,000. Jim is looking to buy a house with monthly property taxes of $140 and monthly homeowners insurance of $70. Jim has $178 in monthly student loan payments. Apple bank has a maximum back end DTI limit of 36%. Given the back end DTI constraint, what is the most they will allow Jim to spend on a monthly mortgage payment?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
8th Edition
007322359X, 9780073223599
