Question: Based on the previous question where Donna has an annual gross income of $90,000. Her monthly mortgage payment is $1,900. Last year she paid $2,600
Based on the previous question where Donna has an annual gross income of $90,000. Her monthly mortgage payment is $1,900. Last year she paid $2,600 in property taxes. Her other debt obligations are $240/month for a car loan repayment and a minimum payment of $210/month on her credit card balance of $4,200. What is the Gross Debt Service ratio of Donna?
| a) 28.2% | ||
| b) 34.2% | ||
| c) 31.4% | ||
| d) 36.1% |
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