Debt To Income (DTI) on Second Home

[Aaron Henricksen]

I'm considering getting a second home to have as a vacation rental. The market I'm looking in is about 90 miles away from my primary residence. I'm curious if anyone knows what's the highest DTI I could qualify for with 10% down? I have heard that 43% DTI is pretty standard, but I've read that DTI can go up to 45%, or even 50%, but I'm not sure if that is lender specific, or if you can only get a higher DTI with a bigger down payment. Also, I recognize that if I only put down 10%, I will be paying PMI. Does anyone know a good placeholder to plug in for PMI? I'm kind of working with 0.55% of the sales price for an annual cost of PMI, but I've heard that PMI has gone down. My credit score is in the 760s if that helps with any of this. Thanks!