mary and bill can get a 90% conventional loan for 20 years at 9%. it will require a monthly principle and intrest payment of $10.14 per $1000 of the loan amount. for hie many financing can they qualify if marys salary is $1800 a month and bills salary is $60,000 annally? the lender will aloe 25% of their gross monthly income to be devoted to a principal and incone payment.

calculate the price of the house mary and bill can purchase then divide loan amount by the loan to value ratio to get pruchase price