1. John and Sylvia are applying for a car loan. Their combined gross monthly income is $7,800 a month. The auto loan is priced at 4.25% and the term is 72 months. They are purchasing a Nissan for $32,000 and financing the 90% of the purchase price. They rent a condo for $900.00 a month. Their monthly bills include two schools for $400 a month, 3 credit cards with minimum payments of $190.00, and another car loan for $250.00. Please calculate their HTI and DTI. If the credit unions threshold for DTI is 41%, do they qualify?