$350,000 house at 5.1% interest, 30 year loan, assume 2.00% property tax, average home insurance at...

$350,000 house at 5.1% interest, 30 year loan, assume 2.00% property tax, average home insurance at $600 per year. Assume the LTV is 80%. You have $750 per month student loan, no other long term loan, your income is $70,000 per year.

1. What is the front-end ratio? What is the back-end ratio?

2. How much you can borrow (conventional loan, 28% front-end ratio)? Give your financial information, about how much house you can afford? Assume that you pay about $583 and &50 for property tax and insurance monthly.

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