Question: Determine the maximum 30-year fixed rate mortgage amount a couple could qualify for if the rate is 4%.Assume they have a combined annual income of

Determine the maximum 30-year fixed rate mortgage amount a couple could qualify for if the rate is 4%.Assume they have a combined annual income of $66,000. They also have a monthly car loan payment of 400.Monthly costs of real estate taxes and homeowner's insurance are estimated to be $100. (Remember - there are two constraints which need to be satisfied.)

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