The combined annual income for you and your partner is $170,000. Your accountant tells you to pay up to 20% of your annual

Question

The combined annual income for you and your partner is $170,000. Your accountant tells you to pay up to 20% of your annual income for mortgage. What would be your monthly payments? How much can you borrow on a 30 year mortgage at 5.5% compounded monthly?

Kunduz · Accepted Answer

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