[Solved] You have an annual gross income of $125,000.  Using the 33/38 rule... | CliffsNotes (2024)

Question

Answered step-by-step

Asked by

jfgirard0423

on

coursehero.com

, a Q&A partner of

CliffsNotes

You have an annual gross income of $125,000. Using the 33/38 rule for maximum mortgage payment (PITI) estimation, what is your maximum PITI payment using your monthly gross income as a guide (33%)?


$4,166.80


$3,437.50


$3,958.50


$2,604.25

Answered by

ColonelField10012

on coursehero.com

[Solved] You have an annual gross income of $125,000. Using the 33/38 rule... | CliffsNotes (1)

[Solved] You have an annual gross income of $125,000. Using the 33/38 rule... | CliffsNotes (2)

Unlock access to this and over
10,000 step-by-step explanations

Unlock Explanation

Have an account? Log In

[Solved] You have an annual gross income of $125,000. Using the 33/38 rule... | CliffsNotes (3)

Step-by-step explanation

[Solved] You have an annual gross income of $125,000. Using the 33/38 rule... | CliffsNotes (4)

Get unstuck with a CliffsNotes subscription

[Solved] You have an annual gross income of $125,000. Using the 33/38 rule... | CliffsNotes (5)

Unlock every step-by-step explanation, download literature note PDFs, plus more.Get Access

Related Q&A

[Solved] You have an annual gross income of $125,000.  Using the 33/38 rule... | CliffsNotes (2024)
Top Articles
Latest Posts
Article information

Author: Wyatt Volkman LLD

Last Updated:

Views: 6236

Rating: 4.6 / 5 (66 voted)

Reviews: 81% of readers found this page helpful

Author information

Name: Wyatt Volkman LLD

Birthday: 1992-02-16

Address: Suite 851 78549 Lubowitz Well, Wardside, TX 98080-8615

Phone: +67618977178100

Job: Manufacturing Director

Hobby: Running, Mountaineering, Inline skating, Writing, Baton twirling, Computer programming, Stone skipping

Introduction: My name is Wyatt Volkman LLD, I am a handsome, rich, comfortable, lively, zealous, graceful, gifted person who loves writing and wants to share my knowledge and understanding with you.