Finance
A Colorado buyer's PITI payment is $2,400/month. Their gross monthly income is $7,500. What is their front-end (housing) DTI ratio?
A28%
B32%✓ Correct
C38%
D43%
Explanation
Front-end DTI = PITI / Gross Monthly Income = $2,400 / $7,500 = 0.32 = 32%.
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