what is the effective interest rate if loan terms are 30 years, 11%, 0 points, OFV, and PMI is 1/2 of 1% up front plus 1/4 of 1% paid monthly. you have a 90% LTV. Loan amount was for $90,000, the pmt is 857.09 not including the PMI.
what is the effective rate on entire balance?
Effective rate on top 10%?