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What is the maximum mortgage amount (PV) a homebuyer can qualify to borrow (use a 36% monthly debt/income ratio) - who earns $72,000 each year,
What is the maximum mortgage amount (PV) a homebuyer can qualify to borrow (use a 36% monthly debt/income ratio) - who earns $72,000 each year, assuming the following: $800 in monthly debt payments, monthly taxes (property and school) and homeowner's insurance is estimated at $650, a mortgage term (end of month) of 360 months and a fixed interest rate at 3.00%.
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