Real Estate Math
A Washington buyer has a gross monthly income of $11,000. Maximum allowed housing ratio is 28% and total DTI is 43%. They have $800/month in other debt. What is the maximum PITI?
A$3,008
B$3,930✓ Correct
C$3,230
D$3,880
Explanation
Housing ratio limit = $11,000 × 28% = $3,080. DTI limit for housing = $11,000 × 43% − $800 = $4,730 − $800 = $3,930. The more restrictive limit is $3,080.
Related Washington Real Estate Math Questions
- A Tacoma property sells for $485,000. Washington's REET applies the first tier rate of 1.1% to the first $525,000. What is the REET owed?
- A Washington 6-unit apartment has 5 units occupied at $1,500/month and 1 vacant. Monthly rent loss from vacancy is:
- A Washington property's annual NOI is $62,400. A comparable property with the same NOI just sold at a 7.8% cap rate. What is the indicated value of the subject property?
- A Washington building has 15 units at $1,200/month and 5 units at $1,450/month. Annual vacancy rate is 6%. What is the effective gross income?
- A Washington property's asking price is $895,000. An offer comes in at $865,000. If the buyer offers $9,000 in earnest money, what percentage of the offer price is the earnest money?
- A Washington appraisal comparable sold for $485,000. It is located on a busy street which penalizes value by $18,000 compared to the subject's quiet street location. The adjusted comparable value is:
- A Washington property is listed for $1,195,000. An offer comes in 4.8% below list. The offer is:
- A Washington commercial space of 3,200 SF is leased at $24/SF/year with a 3% annual CPI escalator. Year 2 rent per SF is:
Practice More Washington Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Washington Quiz →