Question: Question Using the information provided, answer the following 80/10/10 que Sales price = $375,000 Interest Rate on 1st mortgage = 7% Interest Rate on fixed

Question Using the information provided, answer the following 80/10/10 que Sales

Question Using the information provided, answer the following 80/10/10 que Sales price = $375,000 Interest Rate on 1st mortgage = 7% Interest Rate on fixed rate 2nd mortgage = 8.5% 30 year fixed conventional Down Payment = 10% Taxes = $400 monthly Homeowners Insurance = $100 monthly What is the PITI using both mortgages? Choices: $2,261.54 $2,284.25 $2,761.54 $2,784 25

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