Front-end ratio,FER,Front-End Debt-to-Income Ratio,FEDTI,DTI,FEDTIR

Formula or Equation

front-end ratio,FER,Front-End Debt-to-Income Ratio,FEDTI,DTI,FEDTIR formula,equation,calculator
FERfront-end ratio,FER,Front-End Debt-to-Income Ratio,FEDTI,DTI,FEDTIR
RMDrecurring monthly debt,RMD
GMIgross monthly income,GMI

Formula or Equation Note

Front-end ratio is the percentage of income that goes toward housing costs, which for renters is the rent amount and for homeowners is PITI (mortgage principal and interest, mortgage insurance premium [when applicable], hazard insurance premium, property taxes, and homeowners' association dues [when applicable]). Front-end ration should not be more than 28% for a new loan.

Calculator(how to use calculator?)

front-end ratio,FER,Front-End Debt-to-Income Ratio,FEDTI,DTI,FEDTIR formula,equation,calculator
Recurring monthly debt (RMD)
Gross monthly income (GMI)
Front-end ratio (FER)
Precision

References

  1. Wikipedia article: Debt-to-income ratio.

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