Suppose you have obtained a 6 % 3 0 year fully amortizing FHA loan of $ 1

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Question:

Suppose you have obtained a

6 % 30

year fully amortizing FHA loan of $

164, 750.00

to finance the purchase of your primary residence. In doing you must pay an additional mortgage insurance premium of

1.1 % .

if the first year average loan balance is $

159, 807.50,

determine the first year monthly insurance premium payment.

Posted Date: May 18, 2024 10:05 PM

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Suppose you have obtained a 6 % 3 0 year fully amortizing FHA loan of $ 1

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