What would be the target mortgage payment

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Reference no: EM131623613

Sarah and Tim have an annual household income of $90,000 and want to buy a home. In determining their affordability, what would be the target mortgage payment given that they have an auto loan payment of $325/month and a student loan of $300/month?

a. $7,500

b. $1,407

c. $2,213

d. $5,025

Reference no: EM131623613

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