Calculate the total payment for the FHA purchase scenario below. Purchase Price: $500k LTV: 96.5% Loan term
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Question:
Purchase Price: $500k
LTV: 96.5%
Loan term and type: 30 year fixed
Interest Rate: 4.25%
UFMIP Factor: 1.75
MMI Factor: .75
Annual Taxes: $5700
Annual Insurance: $1100
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: