Real Estate Math
A Wisconsin buyer's total PITI payment is $1,650/month. Their gross monthly income is $5,500. What is their front-end DTI ratio?
A26%
B28%
C30%✓ Correct
D32%
Explanation
Front-end DTI = PITI / Gross Monthly Income = $1,650 / $5,500 = 30%. Using the values given ($1,650, $5,500), apply the appropriate formula.. The correct answer is 30%.. This is a common calculation on the Wisconsin real estate exam.
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