Jim has an annual income of $240,000.   Jim is looking to buy a house with monthly property taxes of $140 and monthly homeowner’s insurance of $70.   Jim has $178 in monthly student loan payments.   Apple bank has a maximum front end DTI limit of 28% and a maximum back end DTI limit of 36%. Both limits must be satisfied.   Apple bank is offering a fully amortizing 30 year FRM at an annual rate of 4.5%, with monthly payments, compounded monthly.   What is the biggest loan Jim can get?

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