Home › Cheat sheets › Financing & Lending
Points, LTV & PMI — The Numbers
National · Financing & Lending — free cheat sheet for the real estate licensing exam.
🏦 Financing & Lending
📋 The 1-minute cheat sheet
- 1 discount point = 1% of the LOAN amount; buys the rate down (~1/8% each, varies)
- LTV = loan ÷ price (or appraised value, whichever is LESS)
- Down payment % + LTV % = 100%
- PMI protects the LENDER, required over 80% LTV on conventional loans
- Origination fee = lender's charge to make the loan (also % of loan)
Related in Financing & Lending
Questions students ask
Is Points, LTV & PMI — The Numbers on the real estate exam?Yes. Financing & Lending is a scored domain on the real estate licensing exam, and this topic appears in the national portion.
Is this cheat sheet free?Yes — every page on CinnaPrep's resource library is free to read, print and share. The app adds practice questions, mock exams and a readiness score.
Browse by topic