The amount of money being borrowed, calculated by subtracting the down payment from the purchase price (e.g. Purchase price = $300, ; Down payment = $100, ; Loan amount = $200, ), and adding the upfront FHA mortgage insurance premium that is included in the total loan amount. Total Loan Amount The amount of money being borrowed, calculated by subtracting the down payment from the purchase price (e.g. Purchase price = $300, ; Down payment = $100, ; Loan amount = $200, ), and adding…
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