## Finance question show the steps and answer

**Paper, Order, or Assignment Requirements**

Determine the maximum 30-year fixed-rate mortgage amount for which a couple could qualify if the rate is 5.94 percent. Assume they have other debt payments totaling $381 per month and a combined annual income of $86,200. Monthly escrow payments for real estate taxes and homeowner’s insurance are estimated to be $113 (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 qualify if the rate is 5.94% is $

### Order Caclulator

**Paper, Order, or Assignment Requirements**

Determine the maximum 30-year fixed-rate mortgage amount for which a couple could qualify if the rate is 5.94 percent. Assume they have other debt payments totaling $381 per month and a combined annual income of $86,200. Monthly escrow payments for real estate taxes and homeowner’s insurance are estimated to be $113 (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 qualify if the rate is 5.94% is $