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1212254 D Question 3 1 pts ncements ments Brad and Sam take a 30-year mortgage for a house that costs $268,233. Assume the following: sions

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1212254 D Question 3 1 pts ncements ments Brad and Sam take a 30-year mortgage for a house that costs $268,233. Assume the following: sions . The annual interest rate on the mortgage is 4.4%. . The bank requires a minimum down payment of 11% of the cost of the house. . The annual property tax is 1.5% of the cost of the house. . The annual homeowner's insurance is $857. . There is no PMI. If they make the minimum down payment, what will their monthly PITI be? Round your answer to the nearest dollar. D Question 4 1 pts Suppose you take a 15-year mortgage for a house that costs $208,164. Assume the following: . The annual interest rate on the mortgage is 3.7%. . The bank requires a minimum down payment of 10% of the cost of the house. . The annual property tax is 1.5% of the cost of the house. . The annual homeowner's insurance is $760. . The monthly PMI is $83. If you make the minimum down payment, what is the minimum gross monthly salary you must earn in order to satisfy the 28% rule? Round your answer to the nearest dollar

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