Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Question Using the information provided, answer the following FHA question: Sales price = $349,000 Interest Rate = 6.375% 30 year fixed Taxes = $290 monthly

image text in transcribed

Question Using the information provided, answer the following FHA question: Sales price = $349,000 Interest Rate = 6.375% 30 year fixed Taxes = $290 monthly Homeowners Insurance = $87 monthly Closing Costs = $8,504 Prepaids = 1% Sellers contribution = $9,575 What is the PITI and cash-to-close? Choices: $2,753.42/ $14,634 $2,682.971 $14,583 $2,632.221 $24,348 $2,788.94/ $19,973 Question Using the information provided, answer the following FHA question: Sales price = $349,000 Interest Rate = 6.375% 30 year fixed Taxes = $290 monthly Homeowners Insurance = $87 monthly Closing Costs = $8,504 Prepaids = 1% Sellers contribution = $9,575 What is the PITI and cash-to-close? Choices: $2,753.42/ $14,634 $2,682.971 $14,583 $2,632.221 $24,348 $2,788.94/ $19,973

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started