If your annual gross income is $62,000 and you have one monthly car payment of $335 and a monthly student loan payment of $225, what is the maximum house payment you can afford. Consider a standard 28% front-end ratio and a 36% back-end ratio. Also, to complete the calculation, the annual property tax will be $3,600 and the annual homeowner's premium will be $360. 

Answer rating: 100% (QA)

The frontend ratio limits housingrelated expenses to 28 62000 17360 per year So the amount tha... View the full answer