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Question
You purchase a house at $331,250 and pay 20% down. The 15-year mortgage is fixed- rate 6.25% annually. In addition to the principle and interest paid, you must pay 0.1% of the house purchasing price per month into an escrow account for insurance and taxes. What is the total monthly payment (to the nearest dollar)?a. a $2,272
b. b $2,603
c. c $2,557
d. d $2,707
Answer
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Related questions
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