The Lowens have decided to purchase a home this year. Mrs$.$ Lowen has an annual income of $$55,750,$ and Mr$.$ Lowen has an annual income of $$42,500.$ Based on their financing terms, the monthly mortgage payments would be $$1,625.$ Property taxes have been assessed at $$3,500$ for the year. The previous owners have disclosed their gas bills and found it would cost an average of $$175$ per month to heat. Based on this information would the Lowen$$s qualify for a mortgage with the bank? $($Show all calculations$)$

Will they qualify? yes or no