Question 14 of 25 Clarence is purchasing a $142,000 home with a 15-year mortgage He will
make a 17% down payment. Use the table below to find his monthly PMI
payment.
Base-To-can
Fixed Rate Loan
30 yrs. 15 yrs
ARM24+1 Year Cap
30 yrs 15 yrs
95,01% to 97%
0.90% 0.79%
wa
n/a
90.01% to 95%
0.78% 0.26%
0.92%
0.81%
85,01% to 90%
0.52% 0.23%
0.54%
85% and Under
0.32% 0.19%
0.37%
0.26%
A. $18.66
B. $16.23
c. $12.90
D. $650