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You estimate your monthly mortgage principal and interest will be $1,000, property taxes will be $160 per month, and homeowners insurance will be $50 per
You estimate your monthly mortgage principal and interest will be $1,000, property taxes will be $160 per month, and homeowners insurance will be $50 per month. If your gross monthly income is $4,000 per month and your tax rate is 20 percent, what is your mortgage debt service ratio?
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