Question
Jim has an annual income of $ 300 ,000. Jim is looking to buy a house with monthly property taxes of $140 and monthly homeowners
Jim has an annual income of $300,000.
Jim is looking to buy a house with monthly property taxes of $140 and monthly homeowners insurance of $70.
Jim has $178 in monthly student loan payments.
Apple bank has a maximum front end DTI limit of 28% and a maximum back end DTI limit of 36%. Both limits must be satisfied.
Apple bank is offering a fully amortizing 30 year FRM at an annual rate of 4.5%, with monthly payments, compounded monthly.
What is the biggest loan Jim can get?
Jim has an annual income of $300,000.
Jim is looking to buy a house with monthly property taxes of $140 and monthly homeowners insurance of $70.
Jim has $178 in monthly student loan payments.
Apple bank has a maximum front end DTI limit of 28% and a maximum back end DTI limit of 36%. Both limits must be satisfied.
Apple bank is offering a fully amortizing 30 year FRM at an annual rate of 4.5%, with monthly payments, compounded monthly.
What is the biggest loan Jim can get?
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Margins Of Error In Accounting
Authors: D. Myddelton
1st Edition
0230219918, 9780230219915
