Robyn is looking to buy a house with her $57,000 per year salary. The Bank said that it would approve her loan for 30 years at 3.50% if she puts 5.0% down, and her monthly morgtgage payments, including escrow amounts, are equal to 32.% of her Gross Monthly Income (GMI). Her annual property taxes would be $3,600 and her annual insurance premium would be $384.

What is the amount of the mortgage loan that Robyn would qualify for?

What is the maximum amount that Robyn can offer for a house?