Key Ratios Flashcards by Anonymous Student

Q

Monthly payment on all debt (PITI + consumer debt)

A

36% of gross income

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Monthly mortgage payment (principal, interest, taxes, and insurance)

A

28% of gross income or one week’s take-home pay

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Consumer debt payment

A

20% of net income

How well did you know this?

1

Not at all

2

3

4

5

Perfectly