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Jim has an annual income of $200,000. Jim is looking to buy a house with monthly property taxes of $500 and monthly home
Posted: Mon May 02, 2022 9:47 am
by answerhappygod
- Jim Has An Annual Income Of 200 000 Jim Is Looking To Buy A House With Monthly Property Taxes Of 500 And Monthly Home 1 (22.26 KiB) Viewed 24 times
Jim has an annual income of $200,000. Jim is looking to buy a house with monthly property taxes of $500 and monthly homeowner's insurance of $300. Jim has $1,400 in monthly stuğlent loan payments and an average monthly credit card bill of $1,300. Apple bank has a maximum front end PTI limit of 45% and a maximum back end PTI limit of 50%. Jim will make the biggest mortgage payment he can that satisfies both the front end PTI limit and the back end PTI limit. Jim will get a fully amortizing 30 year FRM at an annual rate of 3.40%, with monthly payments, compounded monthly. What is the biggest mortgage loan Jim can get? Pick the closest number 2,100,000 1,205,580 1,523,550 1,080,860