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Borrower info annual gross salary: $60,000 annual net take-home pay: $45,000 monthly student loan payment: $200 monthly car payment: $250 Mortgage info LTV: 80% Term:

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Borrower info annual gross salary: $60,000 annual net take-home pay: $45,000 monthly student loan payment: $200 monthly car payment: $250 Mortgage info LTV: 80% Term: 30 years Interest Rate: 3.75% Monthly projected property taxes: $300 Monthly projected home owners insurance: $100 Underwriting info Housing expense ratio: 30% Total debt ratio: 38% (Remember, borrower must meet both ratios) What is the maximum monthly payment this borrower qualifies for? $600 None of these are correct O $1,375 O $2,011 $1,050 Question 10 What is the maximum house purchase price this borrower qualifies for? None of these are correct $250.326 $283,407 $206,725 $224.963 What is the maximum mortgage amount this borrower qualifies for? O $240,166 O None of these are correct $190,756 O $175,881 O $226,725

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