What is maximum monthly mortgage payment you could qualify

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Reference no: EM13878638

Your mortgage lender requires that your monthly mortgage payments not exceed 30% of your gross income and your total loan payments cannot exceed 38% of gross income. Your gross income is $6,802/mo while you have electronics loan payment of $517/mo, furniture loan of $286/mo, and auto loan of $478/mo. What is the maximum monthly mortgage payment you could qualify for?

Reference no: EM13878638

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