Kenneth is applying for a mortgage. He has a monthly gross income of $4500. The home he would like to buy has monthly payments for a mortgage of $1350, a property tax of $120, a hazard insurance premium of $60, and a mortgage insurance premium of $60. Kenneth also has other monthly debt totaling $500 per month. Would he qualify based on the FHA total fixed payments-to-income ratio? No, his total fixed payments-to-income ratio is 35%. Yes, his total fixed payments-to-income ratio is 46%. Yes, his total fixed payments-to-income ratio is 35%. No, his total fixed payments-to-income ratio is 46%