Real Estate Math
A borrower in Alaska has a debt-to-income (DTI) ratio limit of 43%. Their gross monthly income is $6,500. What is the maximum total monthly debt payment allowed?
A$2,405
B$2,600
C$2,795✓ Correct
D$3,250
Explanation
Maximum DTI = $6,500 × 43% = $2,795 maximum total monthly debt (including PITI and all other debt payments).
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