Consumer math Worksheet Mortgage payment & GDSR ...
The amortization factor, with 8.75% Interest rate over 25 years, is $ 8.12 per $1000 mortgage. Monthly mortgage payment $1559.04 $1000 $8.12 $192,000 u b) Step1, his monthly income is: $84,000 y12 $7,000 Step2, The gross debt services ratio 100% cos u gross monthly income monthlymortgage payment monthly property payment monthly heating ts 100% ... ................
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