Question 7: (1 Point) Sachin's bank just called as he submitted a bank application for a mortgage. Sachin's gross annual income is $135,000. His monthly heating would be $475, condo fees of $750 per month, and annual property taxes would be $4,750. He also has monthly car payments of $750 and other monthly debt payments of $435. Given the bank has calculated his Total Gross Debt Service (GDS) ratio as 31%, how much is his monthly mortgage payment? $2.242 $1,564 O $1,854 O $1.295 O $1,057