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You have just graduated from ACME State with a degree in Diesel Technology.Your new job takes you to Toledo, Ohio.You are now earning $35,000 per

You have just graduated from ACME State with a degree in Diesel Technology.Your new job takes you to Toledo, Ohio.You are now earning $35,000 per year.Your take home pay is 70% of that gross total.You are anxious to purchase a home.You have the following monthly expenses:

Food$275

Utilities$145

Phone$75

Medical$30

Insurance$130 (including auto, health and life)

Clothing$70

Student loan payment$145

VISA payment$65

MasterCard Payment$48

Car payment$211

Miscellaneous$100

First calculate your monthly take-home pay.Next, add up the budgeted monthly expenses shown above.How much remains for a monthly mortgage PITI payment (PITI = principal, interest, taxes, insurance)?

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