How much do you pay for the house in total in the above example? Assume you will only be paying PMI for the first 2 years of the mortgage?

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02-03-2022
Mathematics

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How much do you pay for the house in total in the above example? Assume you will only be paying PMI for the first 2 years of the mortgage?

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Kc31983idn Kc31983idn · Answer 1 · 2022-03-03T00:01:35-05:00

Kc31983idn Kc31983idn

03-03-2022

Answer:

start with your current mortgage balance. For a new mortgage, subtract your down payment from the home price. Calculate the LTV. Divide the loan amount by the property value.

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