Given the following information, calculate the front end debt-to-income (DTI) ratio:
- Proposed monthly principal and interest payment on a mortgage of $2,000, property tax of $6000 annually, and a $500 annual insurance payment
- Annual gross income of $120,000 , annual net income of $80,000
- Monthly expenses: car payment of $500, gym membership of $35, student loans of $350, and a cell phone payment of $60