Question $17$

$3\mathrm{.}33$ pts

Assume monthly Principal and interest on a mortgage loan is $$635$; monthly Tax and insurance payments is $$125$; monthly student loan payment is $$350$; borrower gross monthly income is $$2,500.$

Calculate the front$-$end ratio for this borrower

$34\mathrm{.}02\%$

$30\mathrm{.}40\%$

$37\mathrm{.}42\%$

$28\mathrm{.}91\%$