I need help!! CoursHeroTranscribedText: If you buy a home with less than 20% down,...
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CoursHeroTranscribedText: If you buy a home with less than 20% down, you will pay an additional monthly fee. PMI (private mortgage insurance), until you reach 20% equity. Keep track of when you reach 20% equity so you can request to have your PMI removed, Ken Buckmiller's home recently appraised at $305,000. His mortgage was for $290,000 at 5% for 30 years with PMI of $27917 per month. What is his monthly payment plus PMI? His mortgage balance is currently $180,600. Has he reached 20d equity? (Use Table 151) (Do not round intermediate calculations. Round your answer to the nearest cent.) Monthly payment Has he reached 20% equity
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