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Author Question: A house is appraised at $298 000 and you have a down payment of . CMHC charges the following rates ... (Read 260 times)

jazziefee

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A house is appraised at $298 000 and you have a down payment of . CMHC charges the following rates on the loan to value ratio: Up to and including 80 percent, 1.00 percent; up to 85 percent, 1.75 percent; up to 90 percent, 2.00 percent; up to 95 percent 2.75 percent. What will be the approximate total amount of the mortgage if the CMHC fee is included in it?
$278 996
$281 195
$280 508
$278 460


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Marked as best answer by jazziefee on Nov 11, 2019

vboyd24

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