Consider the following. (Use the FHA Maximurn Loan Values by State table.) Sale Price State $44,000 (a) Find the minimurm cash investment Ajo, Arizona (b) Find the maximum FHA loan amount Need Help?Red Taik to Tuter My Notes O Ask Your Teacher Use the FHA Maximum Loan Values by State table or the Mont hly Payments (Principal and Interest) for Each $1000 Borrowed table. Calculator answers may be slightly different. The Aikido family wants to obtain a conventional loan for 30 years at is, suppose it fir ds a le der that will le d 95% for the S70,000 house it ha selected and ia tam and i amount to $1800 per year (a) What will be their down payment on the loan? (b) What will be their total monthly payment, including taxes and insurance? (Round your answer to the nearest cent.) Need Help? eaelk t Tutor FHA Maximum Loan Values by State Low Closing Cost States Arizona, California, Colorado, Guam, Idaho, Illinois, Indiana, New Mexico, Nevada, Oregon, Utah, Virgin Islands, Washington, Wisconsin, Wyoming High Closing Cost States All other states 98.75% if price is $50,000 97.65% if price is $50.001-$125,000 | 97.75% ifprice is >$50,000 97.15% if price is >$125,000 98.75% if price is $50,000 Monthly Payments (Princdpal and Interest)for Each $1000 Borrowed Payment Period Interest | 10 | 15 | 20 | 25 | 30 Rate (%) | Years | Years | Years | Years | Years 10.61 7.91 6.60 5.85 5.37 5 10.85 8.17 6.88 6.14 5.68 11.10 8.44 7.16 6.44 6.00 | 11.36 | 8.71 | 7.46 | 6.75 | 632 11.60 8.97 7.75 7.05 6.64 | 11.86 | 9.26 | 8.04 | 7.37 | 6M 12.12 9.54 8.35 7.70 7.32 12.38 9.83 8.66 8.04 7.67 2.67 10.14 9.00 8.39 8.0s 9 12.94 10.44 9.32 8.748.41 13.22 10.75 9.65 9.09 8.78 1 | 13.49 | 11.05 | 9.98 | 944 | 9.15 13.78 11.37 10.32 9.80 9.52 10 11 14.06 68 0.66 10.16 9.90 14.35 12.00 11.01 10.53 10.29 12 14.64 12.33 11.36 10.90 10.67 12 14.93 12.65 11.72 11.28 11.06 13t | 15.23 | 12.98 | 12.07 | 11.00 | 11.45 5.53 13.32 12.44 12.04 11.85 13 14 14 15.83 13.66 12.80 12.42 12.25 16.13 14.00 13.17 12.81 12.64 16.44 14.34 13.54 13.20 13.05 16.75 14.69 13.91 13.59 13.45 17.06 15.04 14.29 13.98 13.85 17.38 15.39 14.67 14.38 14.26 17 5666777 147 6677788-89999 557 298 6813681