Question: Using the maximum ratios for a conventional mortgage, how big a monthly payment could the Taylor family afford if their gross (before-tax) monthly income amounted

Using the maximum ratios for a conventional mortgage, how big a monthly payment could the Taylor family afford if their gross (before-tax) monthly income amounted to $5,500?

Would it make any difference if they were already making monthly installment loan payments totaling $650 on two car loans? Maximum mortgage payment they could make would be $

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