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Using the information provided, answer the following financed Ml question: Sales price = $275,000 Credit Score = 720 Interest Rate = 6 5/8% Down Payment

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Using the information provided, answer the following financed Ml question: Sales price = $275,000 Credit Score = 720 Interest Rate = 6 5/8% Down Payment = 10% Taxes = $350 Homeowners Insurance = $45 Closing Costs = 2.5% Prepaids = 1% MI Factor = 1.35% What is the total loan amount

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