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12 December, 06:48

Trevor is purchasing a $165,000 home with a 30-year mortgage. He will make

a $ 15,000 down payment. Use the table below to find his monthly PMI

payment.

Base-To-Loan

Fixed-Rate Loan

30 yrs. 15 yrs.

ARM 2% + 1 Year Cap

30 yrs. 15 yrs.

95.01% to 97%

0.90%

0.79%

nia

na

SR R

90.01% to 95%

0.78%

0.26%

0.92%

0.81%

85.01% to 90%

52%

0.65%

0.54%

85% and Under

0.32% 0.19%

0.37%

0.26%

O A. $97.50

O B. $1170

O C. $650

O D. $54.17

+4
Answers (1)
  1. 12 December, 07:19
    0
    Answer: $97.50
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