Steve and Kim have recently gotten married and are looking for their first home. They would like to put an offer on a $150,000 house which is a little more than they can afford. The seller is willing to contribute $3,500. They only plan on staying in this home until Kim finishes her training program in 2 years. They have accrued $1,250 in their checking account and $9,000 in their savings account. They would prefer to leave the checking account alone as well as a balance of $1,000 in their savings. Steve and Kim's debts are a little excessive. They have two car loans for $350 ($13,000 balance) and $455 ($15,000 balance), $25 Vista ($500 balance), $165 Mister Card ($3,500 balance) and $295 on student loans ($30,000 balance). Steve earns $17.50/hr as a Line Operator (40 hrs/week) and Kim earns $14.75/hr as a customer service representative (40 hrs/week). 

They currently pay $750/month in rent. Qualify them on an FHA loan with a 5.5% rate fixed for 30 years. Use $3,850 for closing costs, 1% for prepaids, $1,750 for taxes and $425 for insurance. What is their combined monthly qualifying income? What is their PITI? What is their total cash-to-close?