This is a question for my real estate finaning class. This subject is very confusing to me so I'd like some help getting my assignment completed.

Mr. and Mrs. Move-up Buyer wish to purchase a $400,000 single family home. Mr. Move-up Buyer eams $43,200 per year. Mrs. Move-Up Buyer earns $45,600 per year. Both have been employed with their respective employer for more than five years. Their monthly bills are as follows: car loan payment of $442 month with 3 years remaining, another car loan payment of $325/ month with 4 months remaining, and a student loan of $275/ month with 4 years remaining. Upon acquiring the home, the annual property tax will be $5,000 and the estimated hazard insurance premium will be $1,200 per year. The home is not subject to a monthly homeowner's dues. A local lender is offering a 30 -year fixed-rate loan of $320,000 at 4% which results in a monthly payment of $1,528/ month for principal and interest. What is the anticipated monthly housing payment? What is the gross monthly income of the Move-up Buyers? What is the total monthly expense? What is their front-end ratio? What is their back-end ratio? Using the typical ratios of 28% \& 36%, do they quality for the loan