General Mortgage KnowledgeQuestion 160 of 400
Gross monthly income is $12,000. PITI is $3,000 and other monthly debts are $1,800. What is the back-end DTI?
a.25%
b.30%
c.36%
d.40%
Explanation
Back-end DTI = ($3,000 + $1,800) / $12,000 = $4,800 / $12,000 = 40%. 25% is the front-end ratio; the others omit part of the debt.
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