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QUESTION 25 Elaboth has an annual income of $240,000. Elizabeth is looking to buy a house with monthly property taxes of $1,200, monthly homeowner's insurance

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QUESTION 25 Elaboth has an annual income of $240,000. Elizabeth is looking to buy a house with monthly property taxes of $1,200, monthly homeowner's insurance of $150 and monthly utility expenses of $50 Big Apple Bank has a maximum front-end DTI limit of 28% Considering only the front-end DTI limit what is the most the bank will allow Elizabeth to spend on a monthly mortgage payment? (Round your answer to the nearest dollar)

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