General Mortgage KnowledgeQuestion 128 of 400
Gross monthly income is $5,000. PITI is $1,300 and other monthly debts are $700. What is the back-end DTI?
a.26%
b.30%
c.36%
d.40%
Explanation
Back-end DTI = ($1,300 + $700) / $5,000 = $2,000 / $5,000 = 40%. 26% is the front-end ratio; the other figures omit part of the debt.
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