3.5 pts Question 27 A borrower bought a house for $250,000; he can obtain an 80% loan with a 30-year fully amortizing, 6% interest rate and monthly payment. Assuming the marginal tax rate for the borrower is 25%. Maintain and insurance are currently $1.200 each per year, Selling cost is 6% of sale: property tax is 2% of the value each year, property value increases 5% per year. What is the net cost of owning after taxes for first year? $19304.51 517539.25 $1851232 $19809.71 Previous Next