Question
Given the following information on an FHA 30-year fixed loan, determine the total PITI & MMI payment on the following loan. Purchase price: $700,000. LTV:
Given the following information on an FHA 30-year fixed loan, determine the total PITI & MMI payment on the following loan. Purchase price: $700,000. LTV: 96.5%. Interest Rate: 3.5%, UFMIP: 1.75%. MMI .75%. Monthly Escrow payment of Taxes and Insurance: $850.
A. 11,821
B. $4251
C. $3936
D. $4086
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The Oxford Handbook Of Computational Economics And Finance
Authors: Shu-Heng Chen, Mak Kaboudan, Ye-Rong Du
1st Edition
0199844372, 978-0199844371
