This is part of a larger project that I am currently working on. I have to figure out what my total income would have to be in order to qualify for a loan for which payments would be $2,544.93.Typically, you would multiply 0.28 x (Gross – Other Monthly Payments) = 28% of income, but I do not know the gross yet. 28% is the highest percent the monthly payment could be of my total gross income. How do I go about finding what the minimum my gross could be? Thank you
