Calculate the housing expense ratio and the total obligations ratio for the following mortgage applications.
Monthly  Monthly  Other Monthly  Housing  Total  
Gross  PITI  Financial  Expense  Obligations  
Applicant  Income  Expense  Obligations  Ratio

Ratio


Forman  $3,700  $530  $360 
To calculate: The housing expense ratio and the total obligation ratio when the monthly gross income is
Given Information:
The monthly gross income is
Formula used:
The housing expense ratio is given as,
The total obligations ratio is given as,
Calculation:
Consider the provided information is,
The monthly gross income is
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