UTSA COLLEGE OF BUSINESS THE UNIVERSITY OF TEXAS AT SAN ANTONIO Real Estate Finance REAL ESTATE FINANCE AND DEVELOPMENT PROGRAM Fin 4713 HW: Residential Mortgage Underwriting Handwrite your solutions. Handwrite means handwrite, not type. Must show calculations to receive credit. You may explain your logic in words rather than formulas if you wish. If you do not have a printer simply handwrite your solutions following the order shown here. When complete, create a pdf and submit via Blackboard by the due date. PMI Cancellation. For a 30-year 5.25% loan with $25,000 down, financing a $450,000 house, in what month will the PMI be cancelled? You have applied for a loan with a PITI of $1110 per month. Your gross annual income is $66,000. What is your front end ratio? You have applied for a loan with a PITI of $1425 per month. You have $725 in other LTO. Your gross annual income is $73,000. What is your back end ratio? Maximum house you can afford. You have an income of $70,000 per year. You are applying for a 4.5%