Question: Salonclouds app Low D Question 5 Suppose you take a 10-year mortgage for a house that costs $206,551. Assume the following: The annual interest rate

 Salonclouds app Low D Question 5 Suppose you take a 10-year

Salonclouds app Low D Question 5 Suppose you take a 10-year mortgage for a house that costs $206,551. Assume the following: The annual interest rate on the mortgage is 4.5%. . The bank requires a minimum down payment of 9% of the cost of the house. . The annual property tax is 1.7% of the cost of the house. . The annual homeowner's Insurance is $780. . The monthly PMI is $64. . Your other long-term debts require payments of $1,030 per month. If you make the minimum down payment. what is the minimum gross monthly salary you must earn in order to satisfy the 36% rule? Round your answer to the nearest dollar. Question 6 Consider a 30-year mortgage for $169,083 at an annual interest rate of 3.4%. What is the remaining balance after 19 years? Round your answer to the nearest dollar. Question 7 Consider a 20-year mortgage for $144.515 at an annual interest rate of 4.4%. After 9 years. the mortgage is refinanced to an annual interest rate of 2.3%. What are the monthly payments after refinancing? Round your answer to the nearest dollar. Question 8 Consider a 30-year mortgage for $243,494 at an annual interest rate of 5.8%. After 15 years. the mortgage is refinanced to an annual interest rate of 3.2%. How much interest is paid on this mortgage? Round your answer to the nearest dollar. O

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