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Calculating Total House Payment: SFR, LTV < 80%

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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?

$416.67 (B) Signup and view all the answers

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

$102.89 (B) Signup and view all the answers

What is the CLTV for Purchase Price 500,000?

Not Applicable (C) Signup and view all the answers

What is the Purchase Price in scenario 5?

550,000 (A) Signup and view all the answers

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

90.00% (B) Signup and view all the answers

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

7.250% (D) Signup and view all the answers

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

60,000 (A) Signup and view all the answers

What is the Hazard Insurance rate in scenario 7?

0.00% (D) Signup and view all the answers

What is the monthly HOA fee in scenario 7?

250.00 (C) Signup and view all the answers

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

1.25% (D) Signup and view all the answers

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

85.00% (C) Signup and view all the answers

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

275.00 (D) Signup and view all the answers

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

8.250% (A) Signup and view all the answers

What is the Total House Payment in the first scenario?

2,777.44 (D) Signup and view all the answers

Is PMI/MI applicable in the third scenario?

No (D) Signup and view all the answers