[quote=jimmyle]The interest rate is just hypothetical. So I would pay a one time fee of $7,875 and no additional monthly payment?
Thanks,[/quote]
You pay both, you have to, it’s been like that for decades, that is how they cover losses, that is what insurance does, that’s also while they were giving money away a few years ago nobody used them, now it’s popular again, but they actually make sure you can repay and you pay for the right to not drop 20%
