Finance
A Wisconsin borrower has a gross monthly income of $7,500. Under conventional underwriting guidelines, what is the maximum monthly PITI for a 28% front-end ratio?
A$1,800
B$2,000
C$2,100✓ Correct
D$2,400
Explanation
Maximum PITI = Gross income × Front-end ratio = $7,500 × 28% = $2,100. To solve this, multiply the relevant values: $7,500 at 28%.. The correct answer is $2,100.. This is a common calculation on the Wisconsin real estate exam.
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