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2 . Assume you get a 2 0 - year $ 3 7 5 , 0 0 0 mortgage loan at 5 . 4 %

2. Assume you get a 20-year $375,000 mortgage loan at 5.4% interest. The lender requires an escrow account. Property taxes are currently $3,350 per year and insurance is $780. What additional amount will be added to your monthly payment each month for taxes and insurance?

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