Handwrite your solutions. Handwrite means handwrite, not type. Must show calculations to receive credit. You may explain your logic in words rather than formulas if you wish. If you do not have a printer simply handwrite your solutions following the order shown here. When complete, create a pdf and submit via Blackboard by the due date. PMI Cancellation. For a 30 -year 5.25% loan with $25,000 down, financing a $450,000 house, in what month will the PMI be cancelled? You have applied for a loan with a PITI of $1110 per month. Your gross annual income is $66,000. What is your front end ratio? You have applied for a loan with a PITI of $1425 per month. You have $725 in other LTO. Your gross annual income is $73,000. What is your back end ratio? Maximum house you can afford. You have an income of $70,000 per year. You are applying for a 4.5%,80% LTV, 30-year FRM. Property Taxes are 2.75% of the house value, and insurance is 0.85% of the house value. Your LTO are $525 per month. You will be qualified on a 43% back end ratio. What is the maximum house you can afford assuming you have enough saved to pay the costs at closing? If closing costs are 3.15% of the house value. how much money will you need to bring to closing