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This assumes normal figures for homeowners’ insurance ($600/yr), taxes ($1,500/yr) and FHA mortgage insurance premium of $111/mo. So, remember – the American Dream of home ownership is still alive.
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PITI Payment Calculation – PITI Calculator Principal. – *PMI monthly payments will vary based on borrower and property qualifications. This is an average amount. Total PITI payment may vary dependant on local property insurance rates, property taxes and your final PMI payment.
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