answer 17 & 18

Question 17 Assume monthly Principal and interest on a mortgage loan is$635; monthly Tax and insurance payments is $125; monthly student loan payment is $350; borrower gross monthly income is $2,500. Calculate the front-end ratio for this borrower 34.02% 28.91% 37 42% 30.40 Previous Next > Question 18 Assume monthly Principal and interest on a mortgage loan is$635 monthly Tax and insurance payments is $125; monthly student loan payment is $350; borrower gross monthly income is $2.500 Calculate the Back-end ratio for this borrower. 44.4% 40.25% 4742 38.91% Previous Next D Question 19 3.5 pts Assume monthly Principal and interest on a mortgage loan is$635; monthly Tax and insurance payments is $125; monthly student loan payment is $350: borrower gross monthly income is $2,500. Assuming that the maximum front-end ratio used in underwriting mortgage is 28%, what is the maximum loan amount this borrower can borrow? Assume the current interest is 7%, 30-year loan 572210.56 $82220.49 $86426.85 $89240.19 3.5 pts Question 20 Assume monthly Principal and interest on a mortgage loan is$635 monthly Tax and insurance payments is $125; monthly student loan payment is $350: borrower gross monthly income is $2,500 Assuming that the maximum back-end ratio used in underwriting mortgage is 36%, what is the maximum loan amount this borrower can borrow? Assume the current interest is 7%, 30-year loan 562237.53 563880.72 560210.56 56122049