Question: How do i get the answer to this? please see the answer to an example question Suppose you take out a 30-year mortgage for a

How do i get the answer to this? please see the answer to an example question

answer to an example question Suppose you take out a 30-year mortgage

Suppose you take out a 30-year mortgage for a house that costs $403,659. Assume the following: - The annual interest rate on the mortgage is 5%. - The bank requires a minimum down payment of 13% at the time of the loan. - The annual property tax is 1.9% of the cost of the house. - The annual homeowner's insurance is 1% of the cost of the house. - There is no PMI If you make the minimum down payment, what will your monthly PITI be? Round your answer to the nearest dollar. Suppose you take out a 30-year mortgage for a house that costs $254,801. Assume the following: - The annual interest rate on the mortgage is 3.6%. - The bank requires a minimum down payment of 14% at the time of the loan. - The annual property tax is 1.9% of the cost of the house. - The annual homeowner's insurance is 0.7% of the cost of the house. - There is no PMI If you make the minimum down payment, what will your monthy PITI be? Round your answer to the nearest dollar

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