House Payment Answers PDF
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Summary
This document provides calculations for total house payments, covering various scenarios (single-family residences and condominiums). It includes details such as Loan P&I, PMI/MI (Chart), property taxes, hazard insurance, HOA fees, flood insurance, LTV/CLTV, and calculations for different purchase price, interest rate, and term combinations. The document is seemingly part of a financial analysis or educational material.
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Calculate the Total House Payment: SFR; PMI Factor is given; LTV < 80% 1) Purchase Price 375,000 Rate Term Monthly 1st Loan P&I 356,250 6.125% 360 2,164.61 2nd Loan P&I 0.00 0.000% 180 0.00 PMI/MI (Chart) 0.78% X (1st Loan) ÷ 12 231.56 Property Taxes 1.25% X Purchase Price ÷ 12 390.63 Hazard Insuran...
Calculate the Total House Payment: SFR; PMI Factor is given; LTV < 80% 1) Purchase Price 375,000 Rate Term Monthly 1st Loan P&I 356,250 6.125% 360 2,164.61 2nd Loan P&I 0.00 0.000% 180 0.00 PMI/MI (Chart) 0.78% X (1st Loan) ÷ 12 231.56 Property Taxes 1.25% X Purchase Price ÷ 12 390.63 Hazard Insurance 0.35% X Loan(s) ÷ 12 103.91 HOA Fees Flood Insurance LTV/CLTV (If Condo/PUD) (If Applicable) 95.00% (Verify) (Verify) Purchase Price 400,000 Rate Term Monthly 1st Loan P&I 360,000 7.250% 480 2,302.82 2nd Loan P&I 0.00 0.000% 180 0.00 PMI/MI (Chart) 0.52% X (1st Loan) ÷ 12 156.00 Property Taxes 1.25% X Purchase Price ÷ 12 416.67 Hazard Insurance 0.35% X Loan(s) ÷ 12 105.00 Total 0.00 0.00 2,890.71 2) HOA Fees Flood Insurance LTV/CLTV (If Condo/PUD) (If Applicable) 90.00% (Verify) (Verify) Purchase Price 415,000 Rate Term Monthly 1st Loan P&I 352,750 8.500% 360 2,712.34 2nd Loan P&I 0.00 0.000% 180 0.00 PMI/MI (Chart) 0.43% X (1st Loan) ÷ 12 126.40 Property Taxes 1.25% X Purchase Price ÷ 12 432.29 Hazard Insurance 0.35% X Loan(s) ÷ 12 102.89 Total 0.00 0.00 2,980.49 3) HOA Fees Flood Insurance LTV/CLTV (If Condo/PUD) (If Applicable) 85.00% (Verify) (Verify) Total 0.00 0.00 3,373.92 Calculate the Total House Payment: SFR; PMI is Not Applicable; CLTV > 80% 4) Purchase Price 500,000 Rate 1st Loan P&I 400,000 6.125% 2nd Loan P&I 100,000 8.250% PMI/MI (Chart) 0.00% X (1st Loan) ÷ 12 Property Taxes 1.25% X Purchase Price ÷ 12 Hazard Insurance 0.35% X Loan(s) ÷ 12 HOA Fees (If Condo/PUD) (Verify) Flood Insurance (If Applicable) (Verify) LTV/CLTV 80.00% 100.00% Term Monthly 360 180 2,430.44 970.14 0.00 520.83 145.83 0.00 0.00 4,067.25 = Total 5) Purchase Price 550,000 Rate 1st Loan P&I 440,000 7.250% 2nd Loan P&I 82,500 8.500% PMI/MI (Chart) 0.00% X (1st Loan) ÷ 12 Property Taxes 1.25% X Purchase Price ÷ 12 Hazard Insurance 0.35% X Loan(s) ÷ 12 HOA Fees (If Condo/PUD) (Verify) Flood Insurance (If Applicable) (Verify) LTV/CLTV 80.00% 95.00% Term Monthly 360 300 3,001.58 664.31 0.00 572.92 152.40 0.00 0.00 4,391.20 Total 6) Purchase Price 600,000 Rate 1st Loan P&I 480,000 8.500% 2nd Loan P&I 60,000 9.250% PMI/MI (Chart) 0.00% X (1st Loan) ÷ 12 Property Taxes 1.25% X Purchase Price ÷ 12 Hazard Insurance 0.35% X Loan(s) ÷ 12 HOA Fees (If Condo/PUD) (Verify) Flood Insurance (If Applicable) (Verify) LTV/CLTV 80.00% 90.00% Term Monthly 360 180 3,690.78 617.52 0.00 625.00 157.50 0.00 0.00 5,090.80 Total Calculate the Total House Payment: Condo/PUD; PMI Factor is given; LTV < 80%; Hazard Insurance is "Included" in the HOA dues which is given. 7) Purchase Price 375,000 Rate 1st Loan P&I 356,250 5.875% 2nd Loan P&I 0.00 0.000% PMI/MI (Chart) 0.90% X (1st Loan) ÷ 12 Property Taxes 1.25% X Purchase Price ÷ 12 Hazard Insurance 0.00% X Loan(s) ÷ 12 HOA Fees (If Condo/PUD) 250.00 Flood Insurance (If Applicable) (Verify) LTV/CLTV 95.00% Term Monthly 360 180 2,107.35 0.00 267.19 390.63 0.00 250.00 0.00 3,015.17 Total 8) Purchase Price 400,000 Rate 1st Loan P&I 360,000 6.000% 2nd Loan P&I 0.00 0.000% PMI/MI (Chart) 0.60% X (1st Loan) ÷ 12 Property Taxes 1.25% X Purchase Price ÷ 12 Hazard Insurance 0.00% X Loan(s) ÷ 12 HOA Fees (If Condo/PUD) 200.00 Flood Insurance (If Applicable) (Verify) LTV/CLTV 90.00% Term Monthly 480 180 1,980.77 0.00 180.00 416.67 0.00 200.00 0.00 2,777.44 Total 9) Purchase Price 415,000 Rate 1st Loan P&I 352,750 7.125% 2nd Loan P&I 0.00 0.000% PMI/MI (Chart) 0.39% X (1st Loan) ÷ 12 Property Taxes 1.25% X Purchase Price ÷ 12 Hazard Insurance 0.00% X Loan(s) ÷ 12 HOA Fees (If Condo/PUD) 175.00 Flood Insurance (If Applicable) (Verify) LTV/CLTV 85.00% Term Monthly 360 180 2,376.54 0.00 114.64 432.29 0.00 175.00 0.00 3,098.48 = Total Calculate the Total House Payment: Condo/PUD; PMI is NoT Applicable; CLTV > 80% Hazard Insurance is "Included" in the HOA dues which is "given." 10) Purchase Price 375,000 Rate 1st Loan P&I 300,000 6.125% 2nd Loan P&I 56,250 8.250% PMI/MI (Chart) 0.00% X (1st Loan) ÷ 12 Property Taxes 1.25% X Purchase Price ÷ 12 Hazard Insurance 0.00% X Loan(s) ÷ 12 HOA Fees (If Condo/PUD) 275.00 Flood Insurance (If Applicable) (Verify) LTV/CLTV 80.00% 95.00% Term Monthly 360 180 1,822.83 545.70 0.00 390.63 0.00 275.00 0.00 3,034.16 Total 11) Purchase Price 465,000 Rate 1st Loan P&I 372,000 7.250% 2nd Loan P&I 46,500 8.000% PMI/MI (Chart) 0.00% X (1st Loan) ÷ 12 Property Taxes 1.25% X Purchase Price ÷ 12 Hazard Insurance 0.00% X Loan(s) ÷ 12 HOA Fees (If Condo/PUD) 250.00 Flood Insurance (If Applicable) (Verify) LTV/CLTV 80.00% 90.00% Term Monthly 360 300 2,537.70 358.89 0.00 484.38 0.00 250.00 0.00 3,630.97 Total 12) Purchase Price 580,000 Rate 1st Loan P&I 435,000 6.125% 2nd Loan P&I 58,000 9.500% PMI/MI (Chart) 0.00% X (1st Loan) ÷ 12 Property Taxes 1.25% X Purchase Price ÷ 12 Hazard Insurance 0.00% X Loan(s) ÷ 12 HOA Fees (If Condo/PUD) 150.00 Flood Insurance (If Applicable) (Verify) LTV/CLTV 75.00% 85.00% Term Monthly 360 180 2,643.11 605.65 0.00 604.17 0.00 150.00 0.00 4,002.92 Total
