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MIP Real Estate Dynamics Math Exam Questions And Answers Solved 100% 2024.
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B - 249,900 x 97% = 242,403 Loan Amount. 242,403 x 1.25% = $3,030.0375 rounds to $3,031.00 Upfront MIP. 242,403 + 3,031.00 = $245,434 New Loan Amount. 245,434 x . 75% = 1840.755 / 12 = 153.39625 Rounds to $153.40 per month - correct answer Calculate the Monthly MIP Amount for a property with a Sale...
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