The Govonis' monthly income is $$5000.$ They have $16$ remaining payments of $$238$ on a new car and $18$ payments of $$65$ remaining on their living room furniture. The taxes and insurance on the house are $$145$ per month. The Govonis want a $25-$year, $$294,000$ mortgage, at a $10\%$ interest rate.

a$)$ How much does the bank $($assuming the $28\%$ rule$),$ say that the Govonis family can borrow?

b$)$ How much would their monthly payment on the home be $($just principal and interest$)?$

c$)$ How much would their total house payment be$,$ including taxes and insurance?

d$)$ Do they qualify for this mortgage?

e$)$ With today's rates, they could possibly get a $4\%$ rate for $30$ years. Would they qualify for the mortgage then?