The total household income available is $4032.Mortgage payments including taxes,principal,and interest are $1174.In addition,there are condo fees of $150,heating costs of $65 monthly,a student loan payment of $100 and a car lease of $141.What is the total debt service ratio?

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The total debt service ratio is calculated by adding up all monthly debt payments and dividing by the total monthly income, then multiplying by 100 to get a percentage. Here, the monthly debt payments are: Mortgage ($1174) + Condo fees ($150) + Heating costs ($65) + Student loan payment ($100) + Car lease ($141) = $1630. The total monthly income is $4032. So, the total debt service ratio = ($1630 / $4032) * 100 = 40.4 percent.

The Total Household Income Available Is $4032