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What is the back-end ratio

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Question - Suppose an individual has $70,000 in annual income and considering a home that they intend to finance with a $200,000 mortgage at 4% APR 30-year fixed rate loan, the real estate taxes and insurance are $4,000 per year, auto payments are $400/month, and student loans payments are $700/month. What is the back-end ratio?

Reference no: EM133185766

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