Finance
A NH homebuyer's gross monthly income is $7,500. Using a 28% front-end DTI ratio, what is the maximum allowable monthly PITI payment?
A$1,875
B$2,100✓ Correct
C$2,625
D$3,000
Explanation
Front-end DTI limit = 28% × $7,500 = $2,100. The front-end ratio limits the housing payment (PITI) to 28% of gross monthly income.
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