Answer: $2,162.06
Explanation:
To calculate the total monthly payment to the bank, we need to add up the monthly mortgage payment, the monthly portion of the semi-annual property tax bill, and the monthly portion of the annual homeowner's insurance bill.
First, we need to find the monthly portion of the semi-annual property tax bill. To do this, we divide the semi-annual property tax bill by 6 (since there are 6 months in half a year):
Monthly property tax payment = Semi-annual property tax bill / 6
Monthly property tax payment = $3,239 / 6
Monthly property tax payment = $539.83
Next, we need to find the monthly portion of the annual homeowner's insurance bill. To do this, we divide the annual homeowner's insurance bill by 12 (since there are 12 months in a year):
Monthly homeowner's insurance payment = Annual homeowner's insurance bill / 12
Monthly homeowner's insurance payment = $980 / 12
Monthly homeowner's insurance payment = $81.67
Now we can add up the monthly mortgage payment, the monthly property tax payment, and the monthly homeowner's insurance payment to find the total monthly payment to the bank:
Total monthly payment = Monthly mortgage payment + Monthly property tax payment + Monthly homeowner's insurance payment
Total monthly payment = $1,711.22 + $539.83 + $81.67
Total monthly payment = $2,332.72
Therefore, the Dotkoms pay the bank $2,332.72 each month.