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11.Given the following information on an FHA 30-year fixed-payment loan, determine the Up Front Mortgage Insurance Premium amount. Purchase price: $400,000. LTV: 97%. Interest Rate:

11.Given the following information on an FHA 30-year fixed-payment loan, determine the Up Front Mortgage Insurance Premium amount. Purchase price: $400,000. LTV: 97%. Interest Rate: 7%, UFMIP: 1.75. MMI 1.25. Monthly Escrow payment of Taxes and Insurance: $350.

A.$7730

B.$7000

C.$6790

D.$5658

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