Question: Question Using the Financed Mi method, calculate the correct coverage amount, MI factor, base loan amount and total loan amount based on the following scenario

Question Using the Financed Mi method, calculate the correct coverage amount, MI factor, base loan amount and total loan amount based on the following scenario $195,000 sales price 10% down payment 652 credit score 30-year fixed-rate Agency loan Owner-occupied Choices 2.20 $175.500/5179.361 1505,517550075175,12 525 $175.500/5175.500 None of the above

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