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Using the indicated value derived for your subject property in the sales comparison assignment, calculate the loan amounts and payments for a standard 80% loan
Using the indicated value derived for your subject property in the sales comparison assignment, calculate the loan amounts and payments for a standard 80% loan and a 95% PMI loan. A template is provided to accomplish this. Please answer all of the questions in the orange shaded cells by inserting the calculations that show the answer instead of just writing an answer in.
Price Indication from Sales Comp Assignment 938,000 Loan Amount at 80\% LTV Monthly Payment on 80% LTV Loan Interest rate =7% Term =30 years Loan Amount at 95\% LTV Monthly Loan Payment @ 95\% LTV Monthly PMI Insurance @ .05\% annual premium Total payment for 95% LTV Loan Income Needed for 80% loan @ 28% debt to income Income Needed for 95% loan @ 28% debt to incomeStep by Step Solution
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