Question: Suppose you take out a 3 0 - year mortgage for a house that costs $ 3 9 0 , 2 8 4 . Assume
Suppose you take out a year mortgage for a house that costs $ Assume the following:
The annual interest rate on the mortgage is
The bank requires a minimum down payment of at the time of the loan.
The annual property tax is of the cost of the house.
The annual homeowner's insurance is of the cost of the house.
There is no PMI
If you make the minimum down payment, what will your monthly PITI be
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