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Question: How much would PMI be on a 80,000 loan?


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Answer #1:

PMI= .5%

Answer #2:

There are a lot of variables. So I can only give you our Good Faith Estimate information for the FHA loan we have applied for. Purchase price 107,900. 3.5% down and closing costs are being paid up front. Our loan amount would be $105,945. Principal & Interest Payments are $568.74, Hazard Insurance is $35.00 and Mortgage Insurance is $47.72. Interest rate is 5%





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