The last part of your assignment is to analyze John and Mary's ability to repay their mortgage loan by calculating their ratios. Let's assume that Mary and John's total proposed monthly mortgage payment, including interest, taxes, and insurance, would add up to a total proposed housing expense of $2,880.70. Their gross monthly income is $9,200. Other liabilities that they owe equal $450. 

1. What is the couple's housing ratio? 

2. What is the couple's DTI calculation? Be sure to show your work in your response

Answer rating: 100% (QA)

Based on the information providedheres how to calculate John and Marys housing ratio and DTI 1 Housi... View the full answer