double check the following questions

Which of the following loan types usually requires the lowest downpayment? Multiple Choice Jumbo Conventional Federal Housing Administration Veterans Administration In the underwriting process, which is the greatest difference between commerical mortgages and residential mortgages? Multiple Choice Minimum cap rates Residential underwriting focuses on property Income, while commercial underwriting focuses on property cash flow. Residential underwriting focuses on the borrower, while commercial underwriting focuses on the property, Borrower income requirements 1. You are trying to decide whether to refinance your property loan. Four years ago you took out a 30 year fixed rate, fully amortizing mortgage at an interest rate of 4%. The loan was a 95% LTV loan on a house with a price of $400,000. You have no monthly PMI payments on this loan because the PMI was prepaid at closing. You can refinance this loan today with a 30 year mortgage at a rate of 2.5% with closing costs of $8331. There are no prepayment penalties on either loan. If the loan is refinance, the borrower will be able to skip the first months payment on the new mortgage. What is the payment on the original loan? Multiple Choice $3,492,3694 $1,814.1781 $2,164,7621 $2.432.1405