Real Estate Math
A Wyoming home has a monthly PITI of $1,750. The breakdown is: P&I = $1,200, taxes = $350, insurance = $200. What percentage of PITI is the principal and interest payment?
A68.6%✓ Correct
B70.5%
C80%
D65%
Explanation
P&I as percentage of PITI = $1,200 ÷ $1,750 = 0.6857 = 68.
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