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LTV: loan to value ratio 1. How much is Annual Mortgage Insurance Premium (MIP) for FHA-insured loan of $325,000 with a LTV of 85%? 2.

image text in transcribedLTV: loan to value ratio

1. How much is Annual Mortgage Insurance Premium (MIP) for FHA-insured loan of $325,000 with a LTV of 85%? 2. Calculate the monthly escrow due under a mortgage loan if property taxes are $3,250 per year, and property insurance is $875 per year. 3. What would you anticipate your down payment requirement to be on a FHA-insured mortgage if your credit score is 480? 4. Would a borrower typically qualify for a conventional mortgage under the following scenario: Sale price of home = $375,000 = Appraised Value Lender's Required LTV = .8 30-year full amortization at interest of 4.15%/year Property Taxes = $4,000/year Insurance = $900/year Utilities = $275/month Auto Loan Payment = $375/month Household Gross Income = $110,000 1. How much is Annual Mortgage Insurance Premium (MIP) for FHA-insured loan of $325,000 with a LTV of 85%? 2. Calculate the monthly escrow due under a mortgage loan if property taxes are $3,250 per year, and property insurance is $875 per year. 3. What would you anticipate your down payment requirement to be on a FHA-insured mortgage if your credit score is 480? 4. Would a borrower typically qualify for a conventional mortgage under the following scenario: Sale price of home = $375,000 = Appraised Value Lender's Required LTV = .8 30-year full amortization at interest of 4.15%/year Property Taxes = $4,000/year Insurance = $900/year Utilities = $275/month Auto Loan Payment = $375/month Household Gross Income = $110,000

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