Brad and Sam take a 3 0 - year mortgage for a house that costs $ 1

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Question:

Brad and Sam take a

30 -

year mortgage for a house that costs $

135, 954 .

Assume the following:The annual interest rate on the mortgage is

4.4 % .

The bank requires a minimum down payment of

15 %

of the cost of the house.The annual property tax is

1.3 %

of the cost of the house.The annual homeowner's insurance is $

746 .

There is no PMI.If they make the minimum down payment, what will their monthly PITI be

?

Round your answer to the nearest dollar.

Posted Date: May 18, 2024 10:06 PM

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Brad and Sam take a 3 0 - year mortgage for a house that costs $ 1

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