1) Mortgage qualification with Income Payment to Income Ratio Exampl- complete this table: Taxes and fees = 2.9% Annual Gross income $20,000 $30,000 $40,000 $50,000 $60,000 $80,000 $100,000 $150,000 GDS=25% of monthly $417 $625 $1,250 $3,125 3125-0.029*401419/12 PV(0.05/12,360,-H15,0) 30-year Fixed Rate (5%) Mortgage Qualification $53,523 $80,284 $160,568 $401,419 $2,154.90 $401,419.01

1) Mortgage qualification with Income Payment to Income Ratio Exampl Know how to complete this table: Taxes and fees =2.9%