Real Estate Math
A borrower's PITI is $2,400 per month and their gross monthly income is $8,000. What is the front-end DTI ratio?
A25%
B28%
C30%✓ Correct
D35%
Explanation
Front-end DTI = PITI ÷ Gross income = $2,400 ÷ $8,000 = 0.30 = 30%.
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