Question: please answer the following question (Similar to) Question Help Determine the maximum 30-year fixed-rate mortgage amount for which a couple could quality if the rate
please answer the following question
(Similar to) Question Help Determine the maximum 30-year fixed-rate mortgage amount for which a couple could quality if the rate is 4.54 percent. Assume they have other debt payments totaling $467 per month and a combined annual income of $76,000 Monthly escrow payments for real estate taxes and homeowner's insurance are estimated to be $204. (Assume a 36 percent maximum of annual income for total debt and escrow payments.) The maximum 30-year fixed-rate mortgage amount for which a couple could quality if the rate is 4.54% is $ . (Round to the nearest dollar)
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