You have $35,000 in savings for buying your first home. Your gross income is $65,000 per year.

Fantastic news! We've Found the answer you've been seeking!

Question:

You have $35,000 in savings for buying your first home. Your gross income is $65,000 per year. You pay $150 a month in student loans and $249 in car payments. Using the bank rules for mortgage calculations, how much can you borrow at 5.5% to buy a home? Please use table

2 Gross income/year3 Student loan mo. pmt.4 Car loan mo. pmt.5 Bank maximum for all debt6 Car loan+student loan (% of gro