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Rogue Bank is working on a loan for your client, Dana. They inform Dana that the PITI of her home loan cannot exceed 28% of her income. Dana currently makes $67,000 per year. Taxes for the home are $3,500 per year and insurance is $1,000 per year. Dana is interested in a 30-year loan with an annual interest rate of 5.5%. Based on this information, what is the maximum loan amount Dana will qualify for?

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Rogue Bank is working on a loan for your client, Dana. They inform Dana that the PITI of her home loan cannot exceed 28% of her income. Dana currently makes $67,000 per year. Taxes for the home are $3,500 per year and insurance is $1,000 per year. Dana is interested in a 30-year loan with an annual interest rate of 5.5%. Based on this information, what is the maximum loan amount Dana will qualify for?






 
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