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The Total Expense Ratio states that a mortgage payment should be less than ( 3 6 % of borrower's monthly gross income ) - (

The Total Expense Ratio states that a mortgage payment should be less than
(36% of borrower's monthly gross income)-(monthly hosing expenses)-(monthly loan payments)
Bryan and his wife, Jane both work and have a combined gross income of $74,001 per year. They estimate the property taxes on their condo will be $1,245 and insurance should be about $887 per year. Bryan takes the bus to work, but Jane has a car payment of $222 per month, and they are both still paying off student loans for a combined total of $908 per month.
Find out how much of a monthly mortgage payment Bryan and Jane can afford.
Round your answer to the nearest cent.

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