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Tim and Joy are buying a home for the first time. They purchase a $225,000 house and put

$25,000 down. Their annual property taxes are $4,800, and their annual property insurance costs
are $1,200. What is their total monthly payment if they get a mortgage for 15 years at 3.5% (they
monthly payment includes the monthly property tax amount and monthly property insurance
amount)

1 Answer

14 votes

Answer:

the answer is is is is is is is is .............. 194,000

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