1. If a potential borrower has an annual income of $75,000, a monthly car payment of...
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1. If a potential borrower has an annual income of $75,000, a monthly car payment of $300, a monthly student loan payment of $300, and other debt payments of $100 per month, how large of a loan will a lender provide? Assume a DTI ratio of 45%, current interest rates for the borrower would be 5.5%, and they would get a 30 year mortgage. Monthly Income for Debt Service Financial Calculator Mortgage Inputs N V/Y PV PMT FV Monthly Income for Mortgage Maximum Loan Amount 1. If a potential borrower has an annual income of $75,000, a monthly car payment of $300, a monthly student loan payment of $300, and other debt payments of $100 per month, how large of a loan will a lender provide? Assume a DTI ratio of 45%, current interest rates for the borrower would be 5.5%, and they would get a 30 year mortgage. Monthly Income for Debt Service Financial Calculator Mortgage Inputs N V/Y PV PMT FV Monthly Income for Mortgage Maximum Loan Amount
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