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Business, 20.08.2020 16:01 pam93

An FHA-insured loan in the amount of $157,500 at 5.5% for 30 years closed on July 17. The first monthly payment is due on September 1. Using a 360-day year and assuming that interest is being paid for the day of closing, what was the amount of the interest adjustment the buyer had to make at the settlement? Real Estate

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An FHA-insured loan in the amount of $157,500 at 5.5% for 30 years closed on July 17. The first mont...
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