Jorge leaps out of his chair when he hears Marissa squeal from the kitchen. She was opening their mail and had noticed that the account they set up to save for their down payment on a house had finally reached their goal of $20,000. And right on schedule! They are both so excited that they feel like little children at a party. They spend the rest of the afternoon looking at home listings online. They see a lot of homes that looked incredible, but they quickly got sticker shock! They cannot believe how expensive homes in their area have become. Once again, Marissa pulls down her trusty personal finance textbook. She recalls that it contains some information on how mortgage lenders calculate a person's mortgage qualification amounts. With the raises she and Jorge have received, their gross monthly income is now about $6,700. Their car payment of $246 is the only other debt they have. Walk the Mendozas through the process of calculating their affordable home price using a guideline of 38% of monthly gross income for their combined payments for principal, interest, taxes, insurance, and other debt. What is the Mendoza's affordable mortgage payment if their estimated taxes and insurance are $350 a month? $1948 $2544 $2498 $2244