A borrower bought a house for $250,000; he can obtain an 80% lasin with a 30 -year fully amortizing. 6% interest rate and monthly payment: Assuming the marginal tax rate for the borrower is 25%. Maintain and insurance are currently $1,200 each per year, Seling cost is 6% of sale: property tax is 2% of the value each year, property value increases 5% per year. What is the effective first 3 month mortgage payment (after tax benefit). 52957.70 $2017.91 5234805 1503673