Calculating Total House Payment: SFR, LTV < 80%
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Questions and Answers

What is the Total House Payment for Purchase Price 375,000?

  • $2,980.49
  • $2,890.71
  • $2,305.70
  • $2,164.61 (correct)
  • What is the LTV/CLTV for Purchase Price 375,000?

  • 90.00%
  • 85.00%
  • 95.00%
  • 95.00%/Verify (correct)
  • What is the PMI Factor for Purchase Price 375,000?

  • 0.35%
  • 0.78% (correct)
  • 0.52%
  • 0.43%
  • What is the Property Taxes for Purchase Price 400,000?

    <p>$416.67</p> Signup and view all the answers

    What is the Hazard Insurance for Purchase Price 415,000?

    <p>$102.89</p> Signup and view all the answers

    What is the CLTV for Purchase Price 500,000?

    <p>Not Applicable</p> Signup and view all the answers

    What is the Purchase Price in scenario 5?

    <p>550,000</p> Signup and view all the answers

    What is the Loan to Value (LTV) ratio in scenario 6?

    <p>90.00%</p> Signup and view all the answers

    What is the rate of the 1st Loan in scenario 5?

    <p>7.250%</p> Signup and view all the answers

    What is the amount of the 2nd Loan in scenario 6?

    <p>60,000</p> Signup and view all the answers

    What is the Hazard Insurance rate in scenario 7?

    <p>0.00%</p> Signup and view all the answers

    What is the monthly HOA fee in scenario 7?

    <p>250.00</p> Signup and view all the answers

    What is the percentage of Property Taxes in the first scenario?

    <p>1.25%</p> Signup and view all the answers

    What is the LTV/CLTV percentage in the second scenario?

    <p>85.00%</p> Signup and view all the answers

    What is the amount of HOA Fees in the third scenario?

    <p>275.00</p> Signup and view all the answers

    What is the rate of the 2nd Loan P&I in the third scenario?

    <p>8.250%</p> Signup and view all the answers

    What is the Total House Payment in the first scenario?

    <p>2,777.44</p> Signup and view all the answers

    Is PMI/MI applicable in the third scenario?

    <p>No</p> Signup and view all the answers

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