Question: 2 0 The next TWO questions are based on the following information. Nadia and Robert want to buy a house. They have a combined gross

 2 0 The next TWO questions are based on the followinginformation. Nadia and Robert want to buy a house. They have a

2 0 The next TWO questions are based on the following information. Nadia and Robert want to buy a house. They have a combined gross income of $72,000, and can apply $50,000 towards the downpayment of a $200,000 home. They have estimated that the resulting $150,000 mortgage will require blended monthly payments of about $1,350, initially $1,300 of interest and $50 of principal repayment. Their property taxes will be about $250 per month, and they estimate that it would cost an average of another $150 per month to heat the home. They also have an outstanding car loan, which requires payments of $350 per month. What is Nadia's and Robert's gross debt service ratio (GDSR)? O a) 29.17%. Ob) 35.00%. Oc) 28.33%. O d) 26.67%. 3 What is Nadia's and Robert's total debt service ratio (TDSR)? a) 33.33% b) 28.33%. c) 29.17%. O d) 35.00%

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