A borrower wants to know how much house they can afford. Their gross monthly income is $7,000. Using a 28% front-end DTI limit, what is the maximum monthly PITI?

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$1,960 Maximum PITI = Gross Monthly Income x Front-end DTI limit = $7,000 x 28% = $1,960. This is the maximum housing expense (principal, interest, taxes, insurance, HOA, PMI) under conventional guidelines.

A borrower wants to know how much house they can afford. Their gross monthly income is $7,000. Using a 28% front-end DTI limit, what is the maximum monthly PITI?

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