Sentences with phrase «initial amortization schedule»

The FHA's 78 % is based on the initial amortization schedule, and does not take any extra payments or new appraisals into account.

Additionally, the borrower can request the private mortgage insurance to be cancelled once the loan reaches 80 % of the original value, based on either the actual payments made, or the initial amortization schedule (for fixed rate loans) or current amortization schedule (adjustable rate loans), irrespective of the actual loan balance.

The annual MIP may be canceled by HUD once the unpaid principal balance reaches 78 % of the lower of the initial sales price or the appraised value based on the initial amortization schedule.

Not exact matches

The time it takes you to reach that threshold will depend on your amortization schedule and your initial down payment.

The time it takes you to reach that threshold will depend on your amortization schedule and your initial down payment.

While negative amortization does indeed allow for lower initial costs, the eventual spike in monthly payments makes them more financially risky than loans on fully amortizing schedule.

Using calculator 2a on my website, enter your initial loan balance, monthly payment and term to generate an amortization schedule.