Determine the maximum 30-year fixed-rate mortgage amount for which a couple could qualify if the rate is

4.57

percent. Assume they have other debt payments totaling

$480

per month and a combined annual income of

$76,800.

Monthly escrow payments for real estate taxes and homeowner's insurance are estimated to be

$186.

(Assume a 36 percent maximum of annual income for total debt and escrow payments.)

What is the maximum 30-year fixed-rate mortgage amount for which a couple could qualify if the rate is 4.57% is?

(Round to the nearest dollar.)