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Jim has an annual income of $200,000. Jim is looking to buy a house with monthly property taxes of $500 and monthly homeowner's insurance of
Jim has an annual income of $200,000. Jim is looking to buy a house with monthly property taxes of $500 and monthly homeowner's insurance of $300. Jim has $1,400 in monthly student loan payments and an average monthly credit card bill of $1,300. Apple bank has a maximum front end PTI limit of 45% and a maximum back end PTI limit of 50%. Considering both the front end PTI limit and the back end PTI limit, what is the most they will allow Jim to spend on a monthly mortgage payment? Pick the closest number. 6,700 7,530 7000 4,830 5,630
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