Assuming the following variables: Property Tax Rates is 2% based on the purchase price of...
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Assuming the following variables: Property Tax Rates is 2% based on the purchase price of the home. Home Insurance is $2 per $10,000 per month. PMI Private Mortgage Insurance is calculated at 1% of loan amount for less than 20% down. $991 a month $960 a month $936 a month $983 a month Estimate your monthly mortgage payment. 15 year mortgage Price of House $58,000 Percent down 10% Down payment $5,800 Loan amount $52,200 Interest Rate 1% Assuming the following variables: Property Tax Rates is 2% based on the purchase price of the home. Home Insurance is $2 per $10,000 per month. PMI Private Mortgage Insurance is calculated at 1% of loan amount for less than 20% down. $497 a month (B) \$411 a month (C) \$464 a month (D) $512a month
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