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pav-90 [236]
2 years ago
11

How much do you pay for the house in total in the above example? Assume you will only be paying PMI for the first 2 years of the

mortgage?
Mathematics
1 answer:
Nataliya [291]2 years ago
7 0

Answer:

start with your current mortgage balance. For a new mortgage, subtract your down payment from the home price. Calculate the LTV. Divide the loan amount by the property value.

Step-by-step explanation:

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Q1. The answer is x = 1, y = 1, z = 0

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Q2. The answer is x = -37, y = -84, z = -35

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