Question: Alon makes $ 1 2 , 8 9 5 / month . He is applying for a mortgage that requires at most 3 2 %

Alon makes $12,895/month. He is applying for a mortgage that requires at most 32% front end PTI and 44% back-end PTI. His other debt obligations are estimated to be around $1,500/month. What is the maximum qualified mortgage payment that Alon can have? State your answer as a number rounded to the nearest cent (e.g. if you get $1013.57654, write 1013.58)

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