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You would like to purchase a home and are interested to find out how much you can borrow. Your lender calculates given your financial situation
You would like to purchase a home and are interested to find out how much you can borrow. Your lender calculates given your financial situation your maximum monthly payment can be no more than $1519. You would like to have a 30 year fully- amortizing loan and the interest rate offered on such a loan is currently 4%. Given these constraints, what is the largest loan you can obtain? Round your answer to the nearest cent (e.g. if your answer is $600,000.0134, enter 600000.01)
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