Real Estate Math
Using the 28% front-end ratio, a buyer with a gross monthly income of $7,500 can qualify for a maximum monthly housing payment (PITI) of:
A$1,875
B$2,100✓ Correct
C$2,250
D$2,625
Explanation
Front-end ratio: Maximum PITI = Gross monthly income × 0.28 = $7,500 × 0.
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