this is a very nerve-racking day for both hoan and jonathan , and their stress levels are quite high. after months of looking for a home and finding nothing in their price range, they finally found a home this weekend that they hope they qualify for as they would like to make an offer. joan's monthly gross income is $5500 and jonathan's annual gross income is $60000. as they just graduated from the MBA program, they have tution debt payments of $720 per month, while their monthly heating costs on this home would be estimated at $450. the annual property taxes would be $6000. given their gross debt service is 32 percent, they would meet the bank's mortgage ration with monthly mortgage loan repayments of