According to the Affordability Guidelines, if a family has a gross annual income of $63,000 and other significant debit obligations, what should be the maximum monthly mortgage payment the family could afford?

Question

pphalke · Answer

guideline 2 states: if a family has other significant family debt obligations such as car payments credit cards or student loans the family's monthly housing expenses including mortgage payment property taxes and private mortgage insurance should be limited to no more than 25% of their monthly gross income (income prior to deductions)
how do i work my problem with this guideline

pphalke · Answer

please help