2questions

2 pts D Question 73 Use the following information to answer the next three questions. John and Jane Smith, a married couple, are applying for a mortgage loan. Their combined income is $146,000. The house they are considering is selling for $485,000, and it will be financed with an 80% LTV foxed-rate mortgage at 4% over 30 years with monthly payments. The couple has the 20% required down payment, as well as enough funds to cover closing costs on the loan. Estimated annual property taxes are $3,400, and estimated annual property insurance premiums are $1,600. Annual homeowner's association dues total $700. What is the mortgage debt ratio for this couple? 24.3 O 19.1% O 22.8% 27.5% D Question 74 2 pts In addition, John and Jane pay a combined $620 per month in student loan payments and a combined $1,850 per month in car payments. They also pay $500 per month in credit card bills. What is the total debt ratio for this couple? O 33.2% O 36.8% 43.5% 0 47.4%