Your mortgage payment, monthly PMI, monthly house insurance, and monthly property tax should total no more than 38% of your gross monthly income. If the total is more, then you are borrowing too much money. With the following payments and income, have you borrowed too much money? Description Dollars Mortgage Payment $1633.32 Monthly PMI $9.80 Monthly Property Tax $16.33 Monthly Home Insurance $4.90 Gross Monthly Income $3995.33 Round your answers to the nearest dollar. Calculate 38% of your gross monthly income. Percent of GMI Calculate the total of your payment, PMI, insurance, and property taxes. Total

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