Ironman has been looking at penthouses but is not sure if the bank will lend him the money. He currently makes $168,248 per year. He would like to have a mortgage of no more than $2,450, annual property taxes that don’t exceed $4,800, and semi-annual homeowner’s insurance of less than $2,800. He has the following monthly payments: $875 for their car payment. $2,400 for credit cards, $460 tech loan payment, and $980 grocery/house bills.
