using personal financial planner sheet 43, housing mortgage affordability, calculate the affordable mortgage amount that would be suggested by a lending institution and based on jamies lee and ross' income. How does this amount compare with the traditional financial guideline found in question 2?

use the following for jamie lee and ross calculations : 10% down payment, 28% for TIPI, $500.00 per month for estimated combined property taxes and insurance, 5% interest rate for 30 years (found in exhibit 9-9 table)

jamie lee : $45,000 gross income. ($31,500 net income after taxes)

ross : $70,000 gross income. ($59,000 net income after taxes).