$[-/1\mathrm{.}05$ Points$]$

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$$ SMITHNM$1311\mathrm{.}6\mathrm{.}055.$

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Suppose your gross monthly income is $$5,400$ and your current monthly payments are $$575.$ If the bank will allow you to pay up to $36\%$ of gross monthly income $($less current monthly payments$)$ for a monthly house payment, what is the maximum loan you can obtain if the rate for a $30-$year mortgage is $4\mathrm{.}65\%?($Round your answer to the nearest cent.$)$

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