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keleakelea
keleakelea
27.03.2020 • 
Mathematics

Doug is purchasing a $155,000 home with a 15-year mortgage. He will make
a 15% 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%
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. $20.86
O B. $650
O c. $11.70
O D. $27.50


Doug is purchasing a $155,000 home with a 15-year mortgage. He will make a 15% down payment. Use the

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