ou currently make $48,000 per year in your new job, you currently have $350 per month in student loans and you are in the 25% tax bracket. If you are prequalifying for a mortgage and the bank tells you they are using 28% for principal, interest, taxes and insurance plus 36% for all monthly payments for qualifying ratios, how much can you afford in monthly mortgage payments?

Question 18 options:

	$1,090
	$1,440
	$730
	$1,120