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FHA Loan: Rate is fixed. The payment on a $203,500, 30-year fixed rate loan at 3.50% and 74.91% loan-to-value (LTV) is $1,045.98 with 2.00 Points due at closing. Payment includes a one) at 1.75% of the base loan amount and a monthly MIP calculated at 0.8% of the base loan amount.
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