Question: Determining maximum affordable mortgage payment. Using the maximum ratios for a conventional mortgage, how big a monthly payment could the Sanchez family afford if their

Determining maximum affordable mortgage payment. Using the maximum ratios for a conventional mortgage, how big a monthly payment could the Sanchez family afford if their gross (before-tax) monthly income amounted to $4,000? Would it make any difference if they were already making monthly installment loan payments totaling $750 on two car loans?

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