Real Estate Math
A buyer qualifies for a maximum monthly PITI payment of $1,800. Monthly property taxes are $250, insurance is $100. What is the maximum monthly P&I payment the buyer can afford?
A$1,450✓ Correct
B$1,550
C$1,600
D$1,750
Explanation
PITI = P&I + Taxes + Insurance. Max P&I = $1,800 − $250 − $100 = $1,450.
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