Your monthly salary is $60,000 and you are applying for a 30-year mortgage for a self-use residential property (and assuming you do not have any other mortgage loans). What is the maximum loan (In Stress Test, assuming a amount you could borrow if the annual interest rate is 1.15% for the entire loan period and interest is 200-basis point hike in 1 compounded monthly? Assuming there is no MIP. interest rate) 234567 3