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Suppose a household earns $75,000 annually and has $25,000 in savings available to spend on a downpayment. Available mortgages have a maximum Loan to Value
Suppose a household earns $75,000 annually and has $25,000 in savings available to spend on a downpayment. Available mortgages have a maximum Loan to Value (LTV) of 95%. What is the maximum purchase price they can qualify for with a 15 year loan assuming a maximum DTI of 42 and interest rates of 5% (taking into account both LTV and DTI constraints)? Answer rounding up to closer integer with thousand comma delimiter: ex enter $1000.18 as 1,000. Suppose a household earns $75,000 annually and has $25,000 in savings available to spend on a downpayment. Available mortgages have a maximum Loan to Value (LTV) of 95%. What is the maximum purchase price they can qualify for with a 15 year loan assuming a maximum DTI of 42 and interest rates of 5% (taking into account both LTV and DTI constraints)? Answer rounding up to closer integer with thousand comma delimiter: ex enter $1000.18 as 1,000
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