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You are looking to purchase a $240,000 home with a 85% LTV mortgage with a term of 30-years and an interest rate of 6%. PMI
You are looking to purchase a $240,000 home with a 85% LTV mortgage with a term of 30-years and an interest rate of 6%. PMI automatically cancels the month where the beginning balance is scheduled to be below 78% LTV. How many months will you pay PMI?
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