In POPIN, what is the item represented by the letter P?

In POPIN, what is the item represented by the letter P?

• A. Prepaid Interest
• B. Own SSP
• C. Property Taxes
• D. Insurances

Answer: (A)

In POPIN, the letters map to specific closing-cost line items, and P is the cue for Prepaid Interest. This is the interest charged from the closing date up to the date of the first mortgage payment, paid upfront at closing and shown as a prepaid item. That’s why the item represented by P is Prepaid Interest. Other items like Property Taxes or Insurance are labeled differently in POPIN, so they don’t fit the P designation.

In POPIN, the letters map to specific closing-cost line items, and P is the cue for Prepaid Interest. This is the interest charged from the closing date up to the date of the first mortgage payment, paid upfront at closing and shown as a prepaid item. That’s why the item represented by P is Prepaid Interest. Other items like Property Taxes or Insurance are labeled differently in POPIN, so they don’t fit the P designation.