Business, 10.11.2021 19:30 danny123421

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. $27.50
B. $20.86
C. $650
O D. $11.70

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