ooking at a $523,000 home. To avoid private mortgage insurance (PMI), she put 20% down and the remaining balance is financed at 3.143% over the next 30 years. If her house currently appraises for $523,000, her LTV would be 62.86%.

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter1: Federal Income Taxation—an Overview
Section: Chapter Questions
Problem 60P: Michiko and Saul are planning to attend the same university next year. The university estimates...
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Marissa is looking at a $523,000 home. To avoid private mortgage insurance (PMI), she put 20% down and the remaining balance is financed at 3.143% over the next 30 years. If her house currently appraises for $523,000, her LTV would be 62.86%.

 

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