Real Estate Math
A Tennessee homeowner has a monthly PITI payment of $1,850. Their gross monthly income is $5,800. What is their front-end DTI ratio?
A31.9%✓ Correct
B26.7%
C37.5%
D28.4%
Explanation
Front-end DTI = Monthly housing payment ÷ Gross monthly income = $1,850 ÷ $5,800 = 31.9%.
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