PC Access for Windows Reference Guide

for PC Access for Windows 4.30.158

Amortization: Annual Insurance

Enter a value for any loan insurance payment the lender imposes. If the borrower's equity is less than 20% of the appraised price, most banks require the borrower to pay for loan insurance. The Amortization window divides the annual insurance by 12, and adds it to the Total Monthly Payment value.

Last modification date: Friday, January 17, 2003 00:58:49