Question
For 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
For 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
. Given the information in question 1, what would the Monthly Mortgage Insurance payment and TOTAL payment be?
A. $411.24 & $3342.61
B. $565.83 & $3542.38
C. $411.24 & $3387.79
D. $565.83 & $3342.61
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Finance For Non Financial Managers
Authors: Pierre Bergeron
6th Edition
0176501630, 9780176501631
