Answered step by step
Verified Expert Solution
Question
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
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started