Real Estate Math
An Oregon buyer's monthly income is $7,500. Their existing monthly debts (car, student loan) total $600. The lender allows a maximum back-end DTI of 43%. What is the maximum monthly mortgage payment (PITI)?
A$3,225
B$2,625✓ Correct
C$3,825
D$2,250
Explanation
Maximum total debt (back-end DTI) = $7,500 × 0.43 = $3,225.
Related Oregon Real Estate Math Questions
- A property has a loan-to-value ratio (LTV) of 80%. The property is appraised at $420,000. What is the maximum loan amount the lender will provide?
- A commercial Oregon property has annual gross income of $240,000 and operating expenses of $96,000. What is the operating expense ratio?
- A buyer needs to deposit 3.5% of the purchase price as earnest money. The purchase price is $375,000. How much is the earnest money deposit?
- A buyer offers $425,000 on a property. The seller counters at $440,000. They agree to split the difference. What is the final sale price?
- A real estate investment property generates $3,600/month in rent. Annual operating expenses are $18,000. What is the annual NOI?
- An Oregon home was purchased for $295,000. Three years later, it sells for $340,300. What is the total percentage appreciation?
- An Oregon commercial property is priced at $2,400,000. Annual NOI is $168,000. What is the cap rate?
- A property in Oregon has a market value of $480,000 and is assessed at 90% of market value. The tax rate is $12.50 per $1,000 of assessed value. What is the annual property tax?
Practice More Oregon Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oregon Quiz →