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Calculate the Gross Debt Service (GDS) and the Total Debt Service (TDS) ratios for the following data. (Round your answers to 2 decimal places. Omit

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Calculate the Gross Debt Service (GDS) and the Total Debt Service (TDS) ratios for the following data. (Round your answers to 2 decimal places. Omit the "%" sign in your response.) Monthly mortgage payment = $2,675 Property taxes = $315 Heating costs $230 Other housing costs $185 Personal loan payment - $265 Carloan payment - $315 Credit card payment - $265 Gross monthly household income = $13,550 nicture Click here for the Excel Data File Gross Debt Service Total Debt Service Estimate the affordable monthly mortgage payment, the affordable mortgage amount, and the affordable home purchase price for the following situation using the Total Debt Service ratio. (Refer to Exhibit 7.7 and Exhibit.7-8) (Round time value factor to 2 decimal places, Intermediate and final answers to the nearest dollar amounts. Omit the "S" sign in your response.) Monthly grown in.cone Down payment to be made (percent of purchase price) Other debt (monthly payment) Monthly estimate for property taxes and insurance 25-year loan at $6.250 10 percent S 360 $ 570 9.0 percent Mordable monthly nortgage payment At fordable mortgage amount Affordable home purchase price

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