Calculate the TDSR, You pay $1100/month in rent. Calculate

Calculate the TDSR

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Reference no: EM132844003

Question - In consideration of your TDSR, make the following assumptions:

Your future income = $50,000/year

You pay $1100/month in rent

You have a cell phone bill of $85/month

You have a student loan payment of $200/month

You have a VISA card with a $1000 limit and $200 outstanding balance

Car insurance will cost $4000/year

Groceries cost you $100/week Gas will cost you $50/week

You have no other expenses.

Car loan monthly payment is 359.07

Calculate your TDSR given the above-mentioned assumptions and including the new loan payment you just calculated.

Reference no: EM132844003

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