Finance
A Hawaii buyer's gross monthly income is $8,000. The lender requires a maximum front-end DTI of 28%. What is the maximum allowable monthly housing payment (PITI)?
AA. $2,000
BB. $2,240✓ Correct
CC. $2,400
DD. $2,800
Explanation
$8,000 × 0.28 = $2,240 maximum monthly housing payment.
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