18 Questions
What is the Total House Payment for Purchase Price 375,000?
$2,164.61
What is the LTV/CLTV for Purchase Price 375,000?
95.00%/Verify
What is the PMI Factor for Purchase Price 375,000?
0.78%
What is the Property Taxes for Purchase Price 400,000?
$416.67
What is the Hazard Insurance for Purchase Price 415,000?
$102.89
What is the CLTV for Purchase Price 500,000?
Not Applicable
What is the Purchase Price in scenario 5?
550,000
What is the Loan to Value (LTV) ratio in scenario 6?
90.00%
What is the rate of the 1st Loan in scenario 5?
7.250%
What is the amount of the 2nd Loan in scenario 6?
60,000
What is the Hazard Insurance rate in scenario 7?
0.00%
What is the monthly HOA fee in scenario 7?
250.00
What is the percentage of Property Taxes in the first scenario?
1.25%
What is the LTV/CLTV percentage in the second scenario?
85.00%
What is the amount of HOA Fees in the third scenario?
275.00
What is the rate of the 2nd Loan P&I in the third scenario?
8.250%
What is the Total House Payment in the first scenario?
2,777.44
Is PMI/MI applicable in the third scenario?
No
This quiz covers the calculation of total house payment, including factors such as purchase price, loan terms, PMI, property taxes, hazard insurance, and HOA fees. It's essential for understanding the financial aspects of homeownership. Test your knowledge and skills in calculating the total house payment.
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