T-Mobile 4:29 PM moodle-2017-2018.fullerton.edu Finance 352 Real Estate Finance Project Number One Analyze purchase of home with various types of financing ns Annually after fixed period Minimum payment due will be an amount that will not exceed 7.5% more of less that the last minimum monthly payment due before the rate change Interest Rate Limit: Interest Rate Changes 9.95% Annually with payment change Index Beginning on the first interest rate change, interest will be computed based on the index The index is the twelve (12) month average of the monthly average annual yield of the 1 year LIBOR rate. The most recent index available and the twelve months preceding will be used in the calculation Calculation of Interest Rate Changes The new annual interest rate will be the sum of the margin and average annual index computed for each adjustment period, rounded to the nearest 0.1 25% Underwriting Criteria Debt to Iincome Rato (PIT Adgi Long Term Debr to Income T-Mobile 4:29 PM moodle-2017-2018.fullerton.edu Finance 352 Real Estate Finance Project Number One Analyze purchase of home with various types of financing ns Annually after fixed period Minimum payment due will be an amount that will not exceed 7.5% more of less that the last minimum monthly payment due before the rate change Interest Rate Limit: Interest Rate Changes 9.95% Annually with payment change Index Beginning on the first interest rate change, interest will be computed based on the index The index is the twelve (12) month average of the monthly average annual yield of the 1 year LIBOR rate. The most recent index available and the twelve months preceding will be used in the calculation Calculation of Interest Rate Changes The new annual interest rate will be the sum of the margin and average annual index computed for each adjustment period, rounded to the nearest 0.1 25% Underwriting Criteria Debt to Iincome Rato (PIT Adgi Long Term Debr to Income