Mathematics, 11.03.2021 19:40 datgamer13
Clarence is purchasing a $142,000 home with a 15-year mortgage. He will
make a 17% down payment. Use the table below to find his monthly PMI
payment.
Base-To-Loan %
ARM 2% + 1 Year Cap
Fixed-Rate Loan
30 yrs. 15 yrs.
30 yrs
15 yrs
95.01% to 97%
0.90% 0.79%
n/a
n/a
90.01% to 95%
0.78% 0.26%
0.92%
0.81%
85.01% to 90%
0.52% 0.23%
0.65%
0.54%
85% and Under
0.32% 0.19%
0.37%
0.26%
O A. $18.66
OB. $650
Answers: 2
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