Using the following information, calculate the housing expense ratio: monthly principal and interest on mortgage loan: $677; monthly tax and insurance payments into escrow: $230; gross monthly income: $3,851. Express in percentage but do not include the % sign, and round it to two decimal places, e.g., 9.45 (for .0945 or 9.45%)

You have just signed a contract to purchase your first house. The price is $190,000 and you have applied for a $120,000, 27-year, 5.1% loan. Annual property taxes are expected to be $3,511. Hazard Insurance costs $405 per year. Your car payment is $200, with 30 months left. Your monthly gross income is $4,225. What is your monthly payment of principal and interest?

You have just signed a contract to purchase your first house. The price is $250,000 and you have applied for a $110,000, 26-year, 6.2% loan. Annual property taxes are expected to be $5,023. Hazard Insurance costs $626 per year. Your car payment is $175, with 41 months left. Your monthly gross income is $3,775. What is your monthly PITI (principal, interest, taxes, and insurance)?

Certain closing costs will be prorated to account for the period of time during which the seller occupied the house. If a transaction is scheduled to close on May 6 (125 days into a 365-day year), calculate the amount that the buyer will be credited if the particular closing cost in question is estimated to be $1,119 for the entire year.

Given the following information on an interest-only mortgage, calculate the monthly mortgage payment: loan amount: $153,000; term: 25 years; interest rate: 5.6%. Round your answer to two decimal places, and do not include the $ sign, e.g., 123456.54.

Given the following information about a fully amortizing loan, calculate the lender's yield (rounded to the nearest tenth of a percent): loan amount: $166,950; term: 30 years; interest rate: 8%; monthly payment: $1,225.00; discount points: