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Let's assume that you are applying for a mortgage in the amount of $380,000 at an interest rate of 7.5% on a 30 year amortizing

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Let's assume that you are applying for a mortgage in the amount of $380,000 at an interest rate of 7.5% on a 30 year amortizing 10/1ARM. If your gross income is $150k a year and your monthly escrows are $400 what is your housing DTI on this mortgage? A. 30.57% B. 24.4% C. 28,6% D. 29.3%

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