Assume that a bank has a TDS requirement of 0.40. If heat costs $250/month, property taxes...

 

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Assume that a bank has a TDS requirement of 0.40. If heat costs $250/month, property taxes are at $190/month, and you have an outstanding car loan of $300/month, what is the maximum mortgage amount you could afford, assuming a 3.3% compounded semi- annually and an amortization period of 25 years if you have a monthly income of $6500. Your Answer: Assume that a bank has a TDS requirement of 0.40. If heat costs $250/month, property taxes are at $190/month, and you have an outstanding car loan of $300/month, what is the maximum mortgage amount you could afford, assuming a 3.3% compounded semi- annually and an amortization period of 25 years if you have a monthly income of $6500. Your Answer:

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To calculate the maximum mortgage amount you can afford lets first deter... View the full answer