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Calculate the UFMIP on the following FHA loan. Loan amount: $650,000. Interest Rate: 3.5%. Term: 30 years. UFIMP factor: 1.75 A. $11,375 B. $11,488 C.
- Calculate the UFMIP on the following FHA loan. Loan amount: $650,000. Interest Rate: 3.5%. Term: 30 years. UFIMP factor: 1.75 A. $11,375 B. $11,488 C. $11,797 D. $11,487
- If a borrower has a monthly payment of $9699 on a mortgage and their interest rate is 4% and the term of the loan is 15 years, what is the loan amount? A. $1,311,228 B. $1,247,984 C. $1,345,784 D. $1343,284
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