Darlene is getting an FHA-insured loan to purchase a house. The purchase price is $278,000, and she's paying 3.5% down. She will have to pay an upfront mortgage insurance premium of $4,865, which will be financed as part of the loan. What is the loan-to-value on this loan?
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Home » Business » Darlene is getting an FHA-insured loan to purchase a house. The purchase price is $278,000, and she's paying 3.5% down. She will have to pay an upfront mortgage insurance premium of $4,865, which will be financed as part of the loan.