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Sally is in the market to buy a Condo unit. She has liked a Condo unit and has learned that the Condo has a maintenance

Sally is in the market to buy a Condo unit. She has liked a Condo unit and has learned that the
Condo has a maintenance fee of $380 per month. The Condo fee does not include heating bill.
There is also a yearly property tax of $1,800. She also has credit card payment of $275 per
month and a car insurance of $150 per month. Her salary is. What is the mortgage amount she
qualifies for based on GDS ratio only? (assume interest rate of 5% and amortization period of
20 years). Sally,s bi weekly salary is $2840 Show all calculations.

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