Use the following information to calculate the monthly mortgage payment amount to purchase a $354,156 home:...
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Use the following information to calculate the monthly mortgage payment amount to purchase a $354,156 home: -$54,901 down payment -$500 per month for estimated combined property taxes and insurance -5% interest rate for 30 years -No other costs What would be the total mortgage loan amount? Use the following information to calculate the monthly mortgage payment amount to purchase a $354,156 home: -$54,901 down payment -$500 per month for estimated combined property taxes and insurance -5% interest rate for 30 years -No other costs What would be the total mortgage loan amount?
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To calculate the total mortgage loan amount we need to subtract the down ... View the full answer
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