Real Estate Math
A Utah buyer's gross monthly income is $8,500. With a 36% back-end DTI limit, what is the maximum total monthly debt payment allowed?
A$3,060✓ Correct
B$2,380
C$2,550
D$4,250
Explanation
Maximum total debt = $8,500 × 0.36 = $3,060. To solve this, multiply the relevant values: $8,500 at 36%.. The correct answer is $3,060.. This is a common calculation on the Utah real estate exam.
Related Utah Real Estate Math Questions
- A property in Ogden is assessed at $320,000. At a tax rate of 1.2%, what is the annual property tax?
- A Utah duplex earns $24,000/year in rents. Operating expenses are $9,600. The owner has a $120,000 mortgage at 6% annual interest (interest only). What is the cash flow after interest?
- An investor bought a Utah triplex for $450,000. After 5 years they sell it for $600,000. What was the total gain?
- A Utah commercial space of 2,500 sq ft is leased at $2.00 per sq ft per month NNN. What is the monthly base rent?
- A buyer puts 5% down on a $395,000 home. How much is the down payment?
- A Utah home was purchased for $310,000. The buyer put 10% down and got a 30-year loan. If the property appreciates to $380,000 in 3 years, what is the buyer's approximate LTV ratio?
- A Utah investor's return on equity (ROE) is cash flow ÷ equity. If annual cash flow is $18,000 and equity is $200,000, what is the ROE?
- A lot measures 150 feet wide and 200 feet deep. How many square feet is the lot?
Practice More Utah Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Utah Quiz →