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(3) comparables may be used for this determination when additional com- parables are not available and the Sponsor documents the parcel file to this effect. If feasible, selection of comparables and computation of the payment should be by a qualified employee other than the appraiser or review appraiser on the parcel in- volved. The selected comparables must be the most nearly comparable and equal to or better than the sub- ject property. No adjustment will be made to the asking price of the selected comparables, and if a dwell- ing is obviously over priced in rela- tion to other comparables, it may not be used in the replacement housing payment computation. ('b) The Sponsor may establish a schedule of probable selling prices of com- parable dwellings in the various types of dwellings being acquired. Such schedule will be prepared from an analysis of the probable selling prices of dwellings available on the market and will be periodically updated to reflect current probable selling prices. Such schedules will be coordinated with other government agencies in- volved in displacement in the same community or area so as to assure uniformity in the schedule prices. (c) As an alternate to the above methods, the Sponsor may develop a different method of determining the probable selling price of comparable dwellings and submit it to the appropriate FAA office for prior approval. If the displaced person requests assistance in finding replacement housing, he must be offered housing which is comparable and available for purchase within the computed amount. When such housing is no longer available, the Sponsor will determine a new replacement housing amount based on avail- able housing which is equal or better and meets the other comparable criteria. c. Increased Interest Payments. Increased inter- est payments are provided to compensate a dis- placed family or individual_ for the increased in- terest costs he is required to pay for financing a replacement dwelling. This payment will be based on the amount of the actual cost of the replacement property purchased, but may not exceed the Spon- sor's computed cost for a comparable replacement dwelling. (1) The increased interest payment will be al- lowed only when both of the following con- ditions are met: (a) The dwelling acquired by the Sponsor was encumbered by a bona fide mort- gage which was a valid lien on such dwelling for not less than 180 days prior to the established eligibility date described in subparagraph a ( 1 ) above. (b) The mortgage for the replacement dwelling bears a higher rate of inter- est than the mortgage interest rate on the acquired dwelling. For payment computation, the amount of increased interest payment should be com- puted as shown in appendix 6 and in ac- cordance with the following guides: (a) The monthly principal and interest payment difference caused by the change in interest rates is computed by considering both the existing mortgage and new mortgage. For computation purposes, the amount of the new mortgage or the remaining amount of the existing mortgage, whichever is lesser, is to be used; and the term for the new mortgage or the remaining term on the existing mort- gage, whichever is lesser, is to be used. The old and new interest rates are used in each case. (b) The amount actually paid by the purchaser as points on the amount refinanced, but not to exceed an amount which would have been paid if the original mortgage balance was refinanced, and/or a fee actually charged as an origination or services fee (not to exceed 1 percent of the mortgage amount as shown above) if such fees are normal to real estate transactions in the area, will be added to the computed interest payment. (c) The interest rate on the mortgage for the replacement dwelling to be used in the computation will be the actual (2) 57