Practice - Ch 2: Tools for Your Financial Journey c PO Q 2.29: Tony is looking to purchase his first home and is anxious to know what a mortgage lender will think of his financial situation. He is told that lenders are concerned about a potential borrower's total debt-to- income ratio. His monthly debt payments are $275 for a student loan and $225 for car payments. What is Tony's debt-to-income ratio if his annual gross earning is $45,000? A 7.33%. 13.33%. 6.00%. 1.11%