Amortization and Mortgage Insurance Premium Tables for Mortgages to be Insured Under Section 203 of the National Housing Act |
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000 OUTSTANDING PRINCIPAL 1,000 and multiply accurate AMORTIZATION Amount applied amount of mortgage amount of principal annual mortgage annual period annual premium applicable approved mortgagee approximate annual Assistant assume balance after payment billing collected determine the amount determine the monthly divide the face Dollars of Original E R M FACTORS Per Thousand following calculations following example Illustrates GOVERNMENT Home Mortgages HOUSING Installments to Principal INSTRUCTIONS INSURANCE PREMIUM FACTORS interest and principal INTEREST In.t.ll INTEREST Install INTEREST Premium interest rate LOANS meat ment Number month monthly deposit monthly payment mortgage by 1,000 MORTGAGE INSURANCE PREMIUM mortgage interest mortgage term necessary to liquidate order to determine Original Face Amount OUTSTANDING PRINCIPAL BALANCE payment factor payment to interest permit principal and interest PRINCIPAL BALANCE FACTORS principal curtailed prior required monthly result shown specified supplement TABLES Monthly installments Thousand Dollars Unpaid principal balance whole cent