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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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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?

User Glenn
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9 votes

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.

Explanation:

User Shaunda
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